The currency pair BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance level at 0.010669000 is likely expected.
Caution: A possible change in the direction of the support level at 0.009495000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bullish Engulfing’ candle chart pattern is found. The candles show ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.012595000 |
2nd High | 0.011250000 |
Next High | 0.010669000 |
Current Price | 0.010207000 |
Next Low | 0.009495000 |
2nd Low | 0.009209000 |
3rd Low | 0.009149000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bullish Engulfing