BOME/USDT – 4H – BUYThe combination BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline up.
A bullish movement upwards to the next resistance line at 0.002250000 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 0.001704000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.
Moreover a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002593000 |
| 2nd High | 0.002289000 |
| Next High | 0.002250000 |
| Current Price | 0.002289000 |
| Next Low | 0.001704000 |
| 2nd Low | 0.001699000 |
| 3rd Low | 0.001650000 |
0.001954000 – 0.002250000 – 0.002034000 – 0.001704000 – 0.001699000 – 0.001761000 — 65.295253148761 – 58.279341014337
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –