The combination BOOK OF MEME/Tether (BOME/USDT) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance at 0.001901000 is expected.
Caution: A possible change in the direction of the support zone at 0.001756000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candle pattern is existing. The chart forms ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002194000 |
| 2nd High | 0.001954000 |
| Next High | 0.001901000 |
| Current Price | 0.001806000 |
| Next Low | 0.001756000 |
| 2nd Low | 0.001739000 |
| 3rd Low | 0.001691000 |
0.001901000 – 0.001954000 – 0.001912000 – 0.001756000 – 0.001851000 – 0.001881000 — 48.2763897422 – 49.905630577032
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – Double top retreat up – –