BOME/USDT – 30M – BUYAdditionally a ‘Falling Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Falling Wedge Chart Pattern’. which is a bullish chart scenario. The pair is likely to go up.
The combination BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline up.
The bullish trend upwards to the next resistance line at 0.002060000 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 0.001990000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bullish Belt Hold’ chart pattern is found. The candles show ‘Bullish Belt Hold’. 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 probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002400000 |
| 2nd High | 0.002074000 |
| Next High | 0.002060000 |
| Current Price | 0.002057000 |
| Next Low | 0.001990000 |
| 2nd Low | 0.001932000 |
| 3rd Low | 0.001780000 |
0.002060000 – 0.002074000 – 0.002001000 – 0.001990000 – 0.001932000 – 0.001939000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Bullish Belt Hold