BOME/USDT – 1H – BUYMoreover a ‘Falling Wedge Chart Pattern’ chart pattern is found. The chart forms ‘Falling Wedge Chart Pattern’. which is a bullish signal. The pair is likely to go up.
The currency pair BOOK OF MEME/Tether (BOME/USDT) breaks through the bearish trendline up.
An ascent upwards to the next resistance at 0.001633000 is expected.
Caution: A possible change in the direction of the support zone at 0.001572000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.
Moreover a ‘Bullish Belt Hold’ candlestick chart pattern is detected. The chart shows ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002063000 |
| 2nd High | 0.001665000 |
| Next High | 0.001633000 |
| Current Price | 0.001636000 |
| Next Low | 0.001572000 |
| 2nd Low | 0.001571000 |
| 3rd Low | 0.001529000 |
0.001633000 – 0.001665000 – 0.002063000 – 0.001572000 – 0.001577000 – 0.001571000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Bullish Belt Hold