The currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 0.002089000 is likely expected.
Caution: A possible change in the direction of the support line at is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair is likely to rise.
Also there is a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish signal. 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002266000 |
| 2nd High | 0.002159000 |
| Next High | 0.002089000 |
| Current Price | 0.002044000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.002089000 – 0.002032000 – 0.002159000 – 0.001979000 – 0.001964000 – 0.001933000 — 51.326214559925 – 51.326214559925
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – – –