BOME/USDT – 30M – BUYThe combination BOOK OF MEME/Tether (BOME/USDT) goes from the ascending trendline downwards
A bearish movement downwards to the next support line at 0.006786000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.007202000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Hammer’ candle chart pattern is existing. The chart forms ‘Hammer’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.008454000 |
| 2nd High | 0.008282000 |
| Next High | 0.007202000 |
| Current Price | 0.006856000 |
| Next Low | 0.006786000 |
| 2nd Low | 0.006715000 |
| 3rd Low | 0.006520000 |