BOME/USDT – 4H – BUYThe combination BOOK OF MEME/Tether (BOME/USDT) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 0.001714000 will continue.
Caution: A possible counter-trend in the direction of the support line at 0.001514000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 | 0.001970000 |
| Next Low | 0.001514000 |
| 2nd Low | 0.001468000 |
| 3rd Low | 0.001414000 |
0.001638000 – 0.001714000 – 0.001661000 – 0.001514000 – 0.001468000 – 0.001414000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji – Double bottom chart pattern