BOME vs PEPE - GMMA indicator
In today's update, I would like to discuss the comparison of the behavior of the GMMA indicator on BOME in relation to what the GMMA indicator showed in the past on PEPE.
The comparative analysis revealed that on both PEPE and BOME:
We observe a local peak in both the price and the GMMA indicator (the first blue line drawn on both GMMA indicators).
A local low in both the price and the GMMA indicator (the second blue line drawn on both GMMA indicators).
A local peak in price and a peak on the GMMA indicator (the third blue line drawn on both GMMA indicators) – the peak on the indicator is lower than the previous peak marked in the first step.
A local low in the price and a low on the GMMA indicator (the fourth blue line drawn on both GMMA indicators) – the low on the indicator is higher than the previous peak marked in the first step.
An upward movement on the indicator towards the orange mean and a temporary move towards green, followed briefly by another significant drop below the orange mean.
On PEPE, in step 6, we observe the final break above the orange average and the indicator turning green. This point was a high quality moment to invest in PEPE.
On BOME, I predict a similar break above the orange average on the indicator and a color change from red to green.
From this point, dynamic increases should begin, reaching up to the 261.8 level measured by the global fall (from the March peak to the August low).
The 261.8 level is around $0.068–$0.069.
Currently, BOME is consolidating around the upper range of the corrective move that drives the uptrend. It looks like an accumulation phase before a potential dynamic increase.
Active trading
The GMMA indicator on the 1D timeframe turned green today.
According to the analysis, if today's 1D candle closes and the GMMA indicator remains green, there is a high probability that an upside rally is starting.
Link to analysis where GMMA indicators turned green:
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