There is also a ‘Double bottom chart pattern’ chart layout is detected. The formation shows ‘Double bottom chart pattern’. this is a bullish chart scenario. The currency pair is likely to rise.
The combination BOOK OF MEME/Tether (BOME/USDT) jumps from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance line at 0.001567000 will continue.
Caution: A possible counter-trend in the direction of the support zone at 0.001521000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.
There is also a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.001715000 |
2nd High | 0.001576000 |
Next High | 0.001567000 |
Current Price | 0.001572000 |
Next Low | 0.001521000 |
2nd Low | 0.001370000 |
3rd Low | 0.001226000 |
0.001567000 – 0.001436000 – 0.001517000 – 0.001521000 – 0.001370000 – 0.001382000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji – Double bottom chart pattern