There is also a ‘Double bottom chart pattern’ chart pattern is discovered. The chart shows ‘Double bottom chart pattern’. this is a bullish chart scenario. The currency pair is likely to rise.
The combination BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance level at 0.002499000 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 0.002316000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The pair is likely to go up.
There is also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.002499 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.002499000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002818000 |
| 2nd High | 0.002794000 |
| Next High | 0.002499000 |
| Current Price | 0.002543000 |
| Next Low | 0.002316000 |
| 2nd Low | 0.002243000 |
| 3rd Low | 0.002096000 |
0.002499000 – 0.002459000 – 0.002370000 – 0.002316000 – 0.002243000 – 0.002096000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji – Double bottom chart pattern