The combination BOOK OF MEME/Tether (BOME/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 0.001947000 is certain.
Caution: A possible change in the direction of resistance at 0.002092000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
Furthermore a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. 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 | 0.002358000 |
| 2nd High | 0.002289000 |
| Next High | 0.002092000 |
| Current Price | 0.001926000 |
| Next Low | 0.001947000 |
| 2nd Low | 0.001939000 |
| 3rd Low | 0.001900000 |
0.002092000 – 0.002289000 – 0.002248000 – 0.001947000 – 0.002069000 – 0.002049000 — 33.738053186472 – 31.870187237375
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – –