BOME/USDT – 1H – BUY

The combination BOOK OF MEME/Tether (BOME/USDT) breaks through the bearish trendline up.

An ascent upwards to the next resistance line at 0.001831000 is certain.

Caution: A possible change in the direction of the support level at 0.001635000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair is likely to rise.

Moreover a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.

Moreover a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.001831000 – 0.001890000 – 0.002013000 – 0.001635000 – 0.001822000 – 0.001932000

Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji