According to 4h chart, it shows many bullish signs. First of all, it is a bullish flag pattern which we can see.
The RSI is below 30% for 6 days, from there the price must go upwards. The MACD also shows some weakness with selling, hopefully there will be a purchasing accomodation.
The Ichimoku cloud always represent a support and ressistance. We will be ABOVE the green cloud in two period later (8h) so it is ready to be traded safely.
My personal problem here is that we goes below the green ichimoku cloud, that is not a good sign for trading, but i keep following this coin because we saw 2 times 50 % increase in price within 24 hours. If that trend keep going, christmas gift will be fallen from santa rally :)
Kind note that this coin should be observed frequently, because it show a higher volatility from we the traders can catch profits. So keep your eyes open and start trading.
Check my analysis on this coin before.
Take it easy.
Good lock
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Finally, we saw that particular movement from BTC. Good sign, the market is not weakened. Anyways, here is the recent update on memecoin. I'm bullsih and of course i am IN! :) Share your thoughts !
@lashmamlama, unfortunately, we can experience a whole market decline in the previous two weeks, but that is how it should go here in the crypto industry, ups and downs :)