BOME/USDT – 4H – BUYThe combination BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance line at 0.002047000 will persist.
Caution: A possible counter-trend in the direction of support at 0.001671000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002794000 |
| 2nd High | 0.002400000 |
| Next High | 0.002047000 |
| Current Price | 0.001817000 |
| Next Low | 0.001671000 |
| 2nd Low | 0.001304000 |
| 3rd Low | 0.001094000 |
0.002047000 – 0.002400000 – 0.002794000 – 0.001671000 – 0.002210000 – 0.002037000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji