BOME/USDT – 1H – BUY

The currency pair BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline up.

An ascending movement upwards to the next resistance at 0.002177000 will persist.

Caution: A possible reversal of the trend in the direction of the support level at 0.001996000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.002177000 – 0.002089000 – 0.002339000 – 0.001996000 – 0.001933000 – 0.002052000 — 55.100223634237 – 58.684273834941

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