BOME/USDT – 4H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline downwards
A bearish movement downwards to the next support line at 0.001529000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.002074000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002794000 |
| 2nd High | 0.002400000 |
| Next High | 0.002074000 |
| Current Price | 0.001521000 |
| Next Low | 0.001529000 |
| 2nd Low | 0.001304000 |
| 3rd Low | 0.001094000 |
0.002074000 – 0.002047000 – 0.002400000 – 0.001529000 – 0.001635000 – 0.001671000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji