The pair BOOK OF MEME/Tether (BOME/USDT) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance at 0.001774000 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.001682000 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001971000 |
| 2nd High | 0.001799000 |
| Next High | 0.001774000 |
| Current Price | 0.001780000 |
| Next Low | 0.001682000 |
| 2nd Low | 0.001651000 |
| 3rd Low | 0.001578000 |
0.001774000 – 0.001799000 – 0.001799000 – 0.001682000 – 0.001651000 – 0.001690000 — 59.4868293109 – 64.290720639582
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – – –