The currency pair BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline upwards
An ascent upwards to the next resistance level at 0.002029000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.001947000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002490000 |
| 2nd High | 0.002032000 |
| Next High | 0.002029000 |
| Current Price | 0.002006000 |
| Next Low | 0.001947000 |
| 2nd Low | 0.001931000 |
| 3rd Low | 0.001704000 |
0.002029000 – 0.002032000 – 0.002490000 – 0.001947000 – 0.001931000 – 0.002114000 — 43.565588769191 – 54.239056155267
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – – –