The currency pair BOOK OF MEME/Tether (BOME/USDT) breaks through the bearish trendline up.
The bullish trend up to the next resistance at 0.002358000 is considered certain.
Caution: A possible change in the direction of the support zone at 0.002220000 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002794000 |
| 2nd High | 0.002593000 |
| Next High | 0.002358000 |
| Current Price | 0.002291000 |
| Next Low | 0.002220000 |
| 2nd Low | 0.002191000 |
| 3rd Low | 0.002096000 |
0.002358000 – 0.002329000 – 0.002593000 – 0.002220000 – 0.002191000 – 0.002316000
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – –