The currency pair BOOK OF MEME/Tether (BOME/USDT) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance at 0.002117000 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 0.001982000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002358000 |
| 2nd High | 0.002121000 |
| Next High | 0.002117000 |
| Current Price | 0.002077000 |
| Next Low | 0.001982000 |
| 2nd Low | 0.001939000 |
| 3rd Low | 0.001900000 |
0.002117000 – 0.002095000 – 0.002116000 – 0.001982000 – 0.001939000 – 0.001994000 — 41.951600797966 – 49.206467482302
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – –