BOME/USDT – 1H – BUYThe combination BOOK OF MEME/Tether (BOME/USDT) goes from the descending trendline upwards
A bullish trend up to the next resistance at 0.001799000 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 0.001690000 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The chart shows ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002092000 |
| 2nd High | 0.001978000 |
| Next High | 0.001799000 |
| Current Price | 0.001749000 |
| Next Low | 0.001690000 |
| 2nd Low | 0.001514000 |
| 3rd Low | 0.001468000 |
0.001799000 – 0.001799000 – 0.001978000 – 0.001690000 – 0.001801000 – 0.001900000 — 42.300240988944 – 44.405350379869
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bullish Engulfing – –