BOME/USDT – 30M – BUYThe currency pair BOOK OF MEME/Tether (BOME/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance at 0.002018000 is expected.
Caution: A possible change in the direction of support at 0.001909000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Tweezers Bottom’ candlestick pattern is discovered. The chart shows ‘Tweezers Bottom’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002074000 |
| 2nd High | 0.002063000 |
| Next High | 0.002018000 |
| Current Price | 0.001946000 |
| Next Low | 0.001909000 |
| 2nd Low | 0.001578000 |
| 3rd Low | 0.001552000 |
0.002018000 – 0.001735000 – 0.001620000 – 0.001909000 – 0.001578000 – 0.001552000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Tweezers Bottom –