BOME/USDT – 1H – BUY

The currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the ascending trendline up.

A continuation of the uptrend upwards to the next resistance at 0.002101000 is likely expected.

Caution: A possible counter-trend in the direction of support at 0.001981000 is within the realm of possibility.
Consider stop-loss settings accordingly.

In addition a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘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 likely expected. Target of the current trend is 0.002101 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.002101000 is within the realm of possibility.
Consider stop-loss settings accordingly.

In addition a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. 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).

0.002101000 – 0.002088000 – 0.002060000 – 0.001981000 – 0.002003000 – 0.001949000 — 63.4673438426 – 65.02681325777

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