BOME/USDT – 1H – BUYAdditionally a ‘Double top retreat up’ chart formation is existing. The chart forms ‘Double top retreat up’. which is a positive pattern signal. The pair is likely to go up.
The currency pair BOOK OF MEME/Tether (BOME/USDT) breaks through the bearish trendline upwards
A bullish movement up to the next resistance level at 0.002116000 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.001883000 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. 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 | 0.002551000 |
| 2nd High | 0.002490000 |
| Next High | 0.002116000 |
| Current Price | 0.001960000 |
| Next Low | 0.001883000 |
| 2nd Low | 0.001704000 |
| 3rd Low | 0.001699000 |
0.002116000 – 0.002044000 – 0.002082000 – 0.001883000 – 0.001944000 – 0.001950000 — 43.434211557346 – 49.212402630154
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – Double top retreat up – –