BOME/USDT – 4H – BUY

Moreover a ‘Double bottom chart pattern’ chart formation is detected. The chart picture shows ‘Double bottom chart pattern’. which is a bullish pattern signal. The currency pair is likely to go up.

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 0.001975000 is likely expected.

Caution: A possible trend reversal in the direction of the support line at 0.001834000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair is likely to rise.

Moreover a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.002156 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.001975000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.001975000 – 0.001995000 – 0.002116000 – 0.001834000 – 0.001761000 – 0.001883000 — 57.387460312875 – 63.371371727207

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – Double bottom chart pattern – –