BOME/USDT – 1H – BUY

The combination BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline up.

An ascent up to the next resistance line at 0.001824000 is likely expected.

Caution: A possible change in the direction of support at 0.001651000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘RSI cross above 70’ indicator signal is discovered. The indicator shows ‘RSI cross above 70’. which is often a bullish signal. The currency pair is likely to rise.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.

Also there is a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. 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).

0.001824000 – 0.001799000 – 0.001799000 – 0.001651000 – 0.001690000 – 0.001801000 — 56.453983172388 – 65.694259178757

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – Double bottom chart pattern – –