And also a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the ascending trendline downwards
A bearish movement downwards to the next support line at 0.001768000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.001847000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.
And also a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001971000 |
| 2nd High | 0.001848000 |
| Next High | 0.001847000 |
| Current Price | 0.001791000 |
| Next Low | 0.001768000 |
| 2nd Low | 0.001682000 |
| 3rd Low | 0.001651000 |
0.001847000 – 0.001848000 – 0.001815000 – 0.001768000 – 0.001682000 – 0.001651000 — 47.347531497426 – 36.900289424337
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – Symmetrical Triangle Chart Pattern – –