BOME/USDT – 1H – BUY

The currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the bullish trendline up.

A continuation of the upward movement up to the next resistance at 0.002194000 is expected.

Caution: A possible change in the direction of the support level at could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.0020055 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 0.002194000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Northern Doji’ candle pattern is discovered. 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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.002194000 – 0.002250000 – 0.002031000 – 0.001761000 – 0.001825000 – 0.002097000 — 58.118180826973 – 58.9337345113

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