BOME/USDT – 30M – SELLThe pair BOOK OF MEME/Tether (BOME/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 0.001571000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.001650000 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. which 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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002063000 |
| 2nd High | 0.001665000 |
| Next High | 0.001650000 |
| Current Price | 0.001611000 |
| Next Low | 0.001571000 |
| 2nd Low | 0.001529000 |
| 3rd Low | 0.001329000 |
0.001650000 – 0.001665000 – 0.001646000 – 0.001571000 – 0.001607000 – 0.001529000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji