Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 0.001773000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.001819000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001889000 |
| 2nd High | 0.001842000 |
| Next High | 0.001819000 |
| Current Price | 0.001775000 |
| Next Low | 0.001773000 |
| 2nd Low | 0.001725000 |
| 3rd Low | 0.001703000 |
0.001819000 – 0.001842000 – 0.001889000 – 0.001773000 – 0.001725000 – 0.001703000 — 47.989110821337 – 41.186160483418
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – Symmetrical Triangle Chart Pattern – –