BOME/USDT – 1H – BUYThe pair BOOK OF MEME/Tether (BOME/USDT) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance level at 0.002013000 is considered certain.
Caution: A possible trend reversal in the direction of support at 0.001780000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002400000 |
| 2nd High | 0.002047000 |
| Next High | 0.002013000 |
| Current Price | 0.001981000 |
| 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