The combination BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance at 0.001944000 will persist.
Caution: A possible trend reversal in the direction of the support line at 0.001801000 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish chart scenario. 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 | 0.002092000 |
| 2nd High | 0.001966000 |
| Next High | 0.001944000 |
| Current Price | 0.001935000 |
| Next Low | 0.001801000 |
| 2nd Low | 0.001717000 |
| 3rd Low | 0.001704000 |
0.001944000 – 0.001966000 – 0.002092000 – 0.001801000 – 0.001823000 – 0.001900000 — 58.420866050824 – 58.710912983205
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – Double top retreat up –