BOME/USDT – 1H – BUY

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

An ascent upwards to the next resistance line at 0.001848000 will continue.

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

Additionally a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.0017495 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 0.001848000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candle pattern is existing. The candles form ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.001848000 – 0.001824000 – 0.001799000 – 0.001768000 – 0.001651000 – 0.001690000 — 37.263848240064 – 40.426277772818

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – – –