BOME/USDT – 30M – BUYThe pair BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance level at 0.0007 will continue.
Caution: A possible reversal of the trend in the direction of support at 0.00065 should always be considered.
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 the resistance zone at 0.0007 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00079 |
| 2nd High | 0.00071 |
| Next High | 0.0007 |
| Current Price | 0.000677000 |
| Next Low | 0.00065 |
| 2nd Low | 0.00062 |
| 3rd Low | 0.00037 |
0.0007 – 0.00071 – 0.00079 – 0.00065 – 0.00065 – 0.00062 — 51.381617539 – 51.973233890823 — 78.794092265373 – 92.980561555076 – 61.929694977413 – 78.961640964872
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – – –