BOME/USDT – 4H – BUYThe currency pair jumps from the bullish trendline up.
A continuation of the uptrend up to the next resistance line at 0.009473000 is considered certain.
Caution: A possible counter-trend in the direction of support at 0.006731000 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Three White Soldiers’ candle chart pattern is discovered. The chart forms ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.011350000 |
| 2nd High | 0.010280000 |
| Next High | 0.009473000 |
| Current Price | 0.008560000 |
| Next Low | 0.006731000 |
| 2nd Low | 0.005957000 |
| 3rd Low | 0.005677000 |