BOME/USDT – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.

The pair BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline downwards

The bearish trend downwards to the next support line at 0.002243000 is certain.

Caution: A possible change in the direction of the resistance level at 0.002410000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.002410000 – 0.002369000 – 0.002490000 – 0.002243000 – 0.002096000 – 0.002201000

Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern