BOME/USDT – 1H – BUY

The combination BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline up.

The bullish trend up to the next resistance line at 0.002095000 is considered certain.

Caution: A possible counter-trend in the direction of the support line at 0.001939000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 0.0022465 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.002095000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.002095000 – 0.002116000 – 0.002358000 – 0.001939000 – 0.001900000 – 0.002191000 — 53.857373436629 – 56.899501529775

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – –