The combination BOOK OF MEME/Tether (BOME/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support at 0.00064 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.00069 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency 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 | 0.00074 |
| 2nd High | 0.0007 |
| Next High | 0.00069 |
| Current Price | 0.000670000 |
| Next Low | 0.00064 |
| 2nd Low | 0.00054 |
| 3rd Low | 0.00052 |
0.00069 – 0.00069 – 0.00069 – 0.00064 – 0.00066 – 0.00067 — 44.983812192886 – 42.002650016824 — 25.972879573285 – 17.618886635114 – 45.230346346736 – 31.187238624696
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – – –