BOME/USDT – 1H – BUYThe currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the descending trendline up.
An ascending movement upwards to the next resistance at 0.00083 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 0.00062 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.000725 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.00083 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. this is a bullish 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00092 |
| 2nd High | 0.00085 |
| Next High | 0.00083 |
| Current Price | 0.000689000 |
| Next Low | 0.00062 |
| 2nd Low | 0.00037 |
| 3rd Low |
0.00083 – 0.0008 – 0.00082 – 0.00062 – 0.00072 – 0.00077 — 45.005693225505 – 45.608228664083 — 80.200234912467 – 84.147137237355 – 75.574075109843 – 77.645406466929
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – – –