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Memetic

#MEME/USDT#MEME The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it. We are seeing a bounce from the lower boundary of the descending channel. This support is at 0.001424. We have a downtrend on the RSI indicator that is about to break and retest, which supports the upward trend. We are looking for stability above the 100 moving average. Entry price: 0.001452 First target: 0.001496 Second target: 0.001537 Third target: 0.001586
Long
by CryptoAnalystSignal
Memetic / PepeCoin Higher Highs 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 seems that MEME/USD is ready to continue the uptrend and a new all-time high should be just around the corner. The first target is seen at $2.5 where 161.8% Fibonacci retracement, applied to the latest corrective wave down. On a downside note, only break and close below the 200 Moving Average would invalidate bullish outlook.
MLong
by CryptoPAMM
4
MEME 1H Timeframe Chart 14 December 2017Memetic, 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 negative and experience. Let's see. If it drops, I'll be buying the support zone and wait for another jump. Otherwise I'll buy the breakout.
MLong
by CryptoMichNL