BOME/USDT – 1H – BUYThe currency pair jumps from the ascending trendline downwards
A descending movement down to the next support line at 0.008714000 is certain.
Caution: A possible change in the direction of the resistance line at 0.010280000 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 0.00991 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 0.010280000 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Three White Soldiers’ candlestick pattern is detected. The candles show ‘Three White Soldiers’. which is a bullish chart scenario. The currency 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 | |
| 2nd High | 0.011350000 |
| Next High | 0.010280000 |
| Current Price | 0.010079000 |
| Next Low | 0.008714000 |
| 2nd Low | 0.008311000 |
| 3rd Low | 0.006731000 |