The combination BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance at 0.001815000 is certain.
Caution: A possible change in the direction of the support level at 0.001682000 could happen.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair could go up.
And also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.001824 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 0.001815000 could happen.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001971000 |
| 2nd High | 0.001824000 |
| Next High | 0.001815000 |
| Current Price | 0.001817000 |
| Next Low | 0.001682000 |
| 2nd Low | 0.001651000 |
| 3rd Low | 0.001578000 |
0.001815000 – 0.001824000 – 0.001774000 – 0.001682000 – 0.001651000 – 0.001690000 — 59.496198131943 – 63.474661125022
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – – –