The combination BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance line at 0.001880000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.001780000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair could go up.
Next a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair is likely to rise.
Next a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.002013000 |
2nd High | 0.001890000 |
Next High | 0.001880000 |
Current Price | 0.001862000 |
Next Low | 0.001780000 |
2nd Low | 0.001744000 |
3rd Low | 0.001694000 |
0.001880000 – 0.001851000 – 0.001831000 – 0.001780000 – 0.001744000 – 0.001770000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji