BOME/USDT – 30M – BUY

The currency pair BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline up.

An ascending movement upwards to the next resistance level at 0.002108000 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.002011000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The pair is likely to go up.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish signal. 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 expected. Current target is 0.002108 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.002108000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a positive signal. 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).

0.002108000 – 0.002044000 – 0.002082000 – 0.002011000 – 0.001944000 – 0.001969000 — 62.284295363372 – 64.546900287903

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – – –