BOME/USDT – 1H – BUY

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

A bullish movement up to the next resistance at 0.001949000 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 0.001761000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair is likely to rise.

In addition a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 0.0019385 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.001949000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.001949000 – 0.001995000 – 0.001991000 – 0.001761000 – 0.001883000 – 0.001944000 — 55.6229689973 – 56.749517467794

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