BOME/USDT – 1H – BUYThe combination BOOK OF MEME/Tether (BOME/USDT) breaks through the bearish trendline up.
An ascent up to the next resistance at 0.001838000 will continue.
Caution: A possible trend reversal in the direction of the support line at 0.001756000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. this 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002194000 |
| 2nd High | 0.001954000 |
| Next High | 0.001838000 |
| Current Price | 0.001808000 |
| Next Low | 0.001756000 |
| 2nd Low | 0.001650000 |
| 3rd Low | 0.001514000 |
0.001838000 – 0.001954000 – 0.002194000 – 0.001756000 – 0.001761000 – 0.001825000 — 47.912508751967 – 53.135319590691
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – – –