BOME/USDT – 30M – BUYThe pair BOOK OF MEME/Tether (BOME/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at 0.002047000 is considered certain.
Caution: A possible change in the direction of the support level at 0.001939000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 0.002001 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 0.002047000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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 | 0.002041000 |
| Next Low | 0.001939000 |
| 2nd Low | 0.001780000 |
| 3rd Low | 0.001744000 |
0.002001000 – 0.001897000 – 0.001880000 – 0.001939000 – 0.001780000 – 0.001744000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji