MEME 1H Timeframe Chart 14 December 2017
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 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.
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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.