There is also a ‘Double bottom chart pattern’ chart pattern is existing. The chart shows ‘Double bottom chart pattern’. which is a positive pattern signal. The currency pair is likely to rise.
The currency pair BOOK OF MEME/Tether (BOME/USDT) breaks through the bearish trendline up.
An ascent up to the next resistance level at 0.002490000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.002243000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.
There is also a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002818000 |
| 2nd High | 0.002794000 |
| Next High | 0.002490000 |
| Current Price | 0.002420000 |
| Next Low | 0.002243000 |
| 2nd Low | 0.002096000 |
| 3rd Low | 0.002078000 |
0.002410000 – 0.002369000 – 0.002490000 – 0.002243000 – 0.002096000 – 0.002201000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji – Double bottom chart pattern