BOME/USDT – 4H – BUYThe pair BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance at 0.001714000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.001414000 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The pair is likely to go up.
Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair could go up.
Furthermore a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. 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 | 0.002074000 |
| 2nd High | 0.001715000 |
| Next High | 0.001714000 |
| Current Price | 0.001610000 |
| Next Low | 0.001414000 |
| 2nd Low | 0.001370000 |
| 3rd Low | 0.001226000 |
0.001714000 – 0.001661000 – 0.001537000 – 0.001414000 – 0.001370000 – 0.001226000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji –