The currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the descending trendline up.
A bullish ascent upwards to the next resistance line at 0.00043 will persist.
Caution: A possible trend reversal in the direction of the support zone at 0.0004 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bullish Engulfing’ candle pattern is found. The candles form ‘Bullish Engulfing’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00047 |
| 2nd High | 0.00045 |
| Next High | 0.00043 |
| Current Price | 0.000401800 |
| Next Low | 0.0004 |
| 2nd Low | 0.00038 |
| 3rd Low | 0.00037 |
0.00043 – 0.00043 – 0.00043 – 0.00041 – 0.00042 – 0.00042 —
0.000401900 – 0.000402700 —
35.498500263315 – 42.695320722135 —
– —
0.00043 – 1784160000
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bullish Engulfing – – –