BOME/USDT – 4H – BUYThe combination BOOK OF MEME/Tether (BOME/USDT) goes from the bearish trendline up.
An ascending movement upwards to the next resistance at 0.011167000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.006731000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bullish Engulfing’ chart pattern is existing. The candles show ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.012595000 |
| 2nd High | 0.011250000 |
| Next High | 0.011167000 |
| Current Price | 0.008463000 |
| Next Low | 0.006731000 |
| 2nd Low | 0.005957000 |
| 3rd Low | 0.005677000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bullish Engulfing