The currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 0.001995000 will persist.
Caution: A possible counter-trend in the direction of the support zone at 0.001949000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bullish Belt Hold’ candle pattern is found. The candles form ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002116000 |
| 2nd High | 0.002038000 |
| Next High | 0.001995000 |
| Current Price | 0.001972000 |
| Next Low | 0.001949000 |
| 2nd Low | 0.001946000 |
| 3rd Low | 0.001941000 |
0.001995000 – 0.001981000 – 0.001991000 – 0.001949000 – 0.001946000 – 0.001941000 — 46.130808527986 – 55.139929290399
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bullish Belt Hold – Double bottom retreat down – –