BOME/USDT – 4H – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) moves from the bearish trendline down.
A continuation of the downtrend down to the next support line at 0.001304000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.001715000 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002400000 |
| 2nd High | 0.002074000 |
| Next High | 0.001715000 |
| Current Price | 0.001448000 |
| Next Low | 0.001304000 |
| 2nd Low | 0.001094000 |
| 3rd Low | 0.000890000 |
0.001715000 – 0.002074000 – 0.002047000 – 0.001529000 – 0.001635000 – 0.001671000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji