While high/mid caps are retracing/breathing, micro caps are still on the move. Memetic is forming another green candle setting a new 85-day high. A long position can be entered right now with a greater than 1:3 risk-reward ratio. Support below red line is particularly strong, offering a lot of protection for our stops.
BITTREX:MEMEBTC
Market Cap :
$362,875 USD
42 BTC
#MEME/BTC
BUY MEME ARROUND 6500
AND HOLD FOR MIDTERM
Halving at 31jan..
GOOD LUCK..
KEEP LIKE AND FOLLOWING FOR MORE GREAT IDEAS..AFTER EVERY FOLLOW I WILL TRY TO POST ANOTHER IDEA..
Memetic does look pretty awesome from the technical perspective, it has been bouncing off the 200 Moving Average for an extended period of time after which it broke above the $0.4 resistance and now there is clearly a higher highs, higher lows pattern.
After breaking above the $0.4 resistance price retraced back and rejected the uptrend trendline. Currently, it...
So, as we've posted this one yesterday already, we need to update it.
It's in a falling wedge and seems to have found support on the lower level instead of the charted one yesterday.
In this one for a swing. If it drops down, use a stop/loss!
Memetic, a nice swingtrade coin.
This one will retest the support soon, checking if it might go up for a new leg. I'm not that bullish on this one, as on the previous pumps, it dropped down back to the earlier resistance (new support) level. If it does breakout, we can expect another pump.
Reasons for negativism: RSI is not turning high or above 50. MACD is also...
