BOME/USDT – 1H – BUYThe currency pair goes from the ascending trendline down.
A bearish descent down to the next support at 0.008714000 will continue.
Caution: A possible change in the direction of the resistance line at 0.010280000 is also possible.
Consider stop-loss settings accordingly.
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 the resistance line at 0.010280000 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Three White Soldiers’ candle chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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 |