BOME/USDT – 1H – BUYThe combination BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance level at 0.001969000 is likely expected.
Caution: A possible trend reversal in the direction of support at should be noted.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair could go up.
Next a ‘Bullish Belt Hold’ candlestick chart pattern is found. The chart forms ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001995000 |
| 2nd High | 0.001975000 |
| Next High | 0.001969000 |
| Current Price | 0.001953000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.001969000 – 0.001975000 – 0.001969000 – 0.001867000 – 0.001834000 – 0.001904000 — 57.705843716604 – 63.649802085397
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern – –