BOME/USDT – 1H – BUYThe combination BOOK OF MEME/Tether (BOME/USDT) jumps from the descending trendline up.
A bullish ascent up to the next resistance line at 0.001576000 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.001444000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. which is a positive 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002063000 |
| 2nd High | 0.001715000 |
| Next High | 0.001576000 |
| Current Price | 0.001368000 |
| Next Low | 0.001444000 |
| 2nd Low | 0.001329000 |
| 3rd Low | 0.001304000 |
0.001576000 – 0.001715000 – 0.001633000 – 0.001444000 – 0.001483000 – 0.001561000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji