The currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 0.001080000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.001298000 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. which 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.001428000 |
2nd High | 0.001383000 |
Next High | 0.001298000 |
Current Price | 0.001103000 |
Next Low | 0.001080000 |
2nd Low | |
3rd Low |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji