BOME/USDT – 1H – BUYThe combination jumps from the ascending trendline downwards
A bearish movement down to the next support level at 0.008714000 will continue.
Caution: A possible change in the direction of resistance at 0.010280000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.00991 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 0.010280000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three White Soldiers’ candle chart pattern is found. The chart shows ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going 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 |