BOME/USDT – 30M – BUYNext a ‘Double top retreat up’ chart formation is found. The chart forms ‘Double top retreat up’. which is a positive chart scenario. The currency pair is likely to rise.
The combination BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance line at 0.0007 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 0.00068 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 0.0006893 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of resistance at 0.0007 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. this 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 likelyhood 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 | 0.000697000 |
| Next Low | 0.00068 |
| 2nd Low | 0.00065 |
| 3rd Low | 0.00062 |
0.00069 – 0.00069 – 0.0007 – 0.00068 – 0.00068 – 0.00065 — 44.70257903627 – 61.857228743682 — 16.983523447402 – 45.623648699023 – 9.2665076169885 – 22.909987822759
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – Double top retreat up – –