BOME/USDT – 1H – BUYThe pair BOOK OF MEME/Tether (BOME/USDT) breaks through the bearish trendline up.
An ascent upwards to the next resistance line at 0.001815000 will continue.
Caution: A possible change in the direction of the support level at 0.001699000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bullish Engulfing’ candlestick pattern is found. The candles show ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001954000 |
| 2nd High | 0.001838000 |
| Next High | 0.001815000 |
| Current Price | 0.001786000 |
| Next Low | 0.001699000 |
| 2nd Low | 0.001650000 |
| 3rd Low | 0.001514000 |
0.001815000 – 0.001838000 – 0.001954000 – 0.001699000 – 0.001756000 – 0.001761000 — 43.643140020564 – 57.391831218687
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bullish Engulfing – – –