BOME/USDT – 1H – BUYThe combination BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline up.
A bullish movement upwards to the next resistance line at 0.0008 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 0.00072 is also possible.
Consider stop-loss settings accordingly.
And also a ‘%K crosses above %D’ indicator layout is detected. The indicator shows ‘%K crosses above %D’. which could be a positive signal. The currency pair could go up.
And also a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00085 |
| 2nd High | 0.00082 |
| Next High | 0.0008 |
| Current Price | 0.000797000 |
| Next Low | 0.00072 |
| 2nd Low | 0.00037 |
| 3rd Low |
0.0008 – 0.00082 – 0.00081 – 0.00072 – 0.00077 – 0.00075 — 56.986539519004 – 60.417705063139 — 97.975068409851 – 97.975068409851 – 98.373989498737 – 97.89311954245
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – – –