BOME/USDT – 30M – BUY

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

A bullish movement upwards to the next resistance level at 0.001815000 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.001703000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The pair is likely to go up.

Then a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.0018265 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.001815000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. 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).

0.001815000 – 0.001838000 – 0.001901000 – 0.001703000 – 0.001699000 – 0.001744000 — 55.910788902283 – 59.668253207824

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