BOME/USDT – 1H – BUYThe currency pair BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance level at 0.009323000 will persist.
Caution: A possible trend reversal in the direction of the support zone at 0.008674000 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Bullish Engulfing’ chart pattern is existing. The candles form ‘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 success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.010079000 |
| 2nd High | 0.009764000 |
| Next High | 0.009323000 |
| Current Price | 0.009066000 |
| Next Low | 0.008674000 |
| 2nd Low | 0.008155000 |
| 3rd Low | 0.006731000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bullish Engulfing