The currency pair BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance line at 0.002266000 is certain.
Caution: A possible trend reversal in the direction of the support line at 0.002207000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. 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 | 0.002490000 |
| 2nd High | 0.002339000 |
| Next High | 0.002266000 |
| Current Price | 0.002237000 |
| Next Low | 0.002207000 |
| 2nd Low | 0.002052000 |
| 3rd Low | 0.001981000 |
0.002266000 – 0.002339000 – 0.002323000 – 0.002207000 – 0.002242000 – 0.002052000 — 45.431516877524 – 47.372351418986
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – – –