#MEW
The price is moving in a descending channel on the 1-hour frame and is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 0.007820
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving...
Massive Signal for $MEW! 📈 If you don’t see it, I don’t know what to tell you. I’ve analyzed multiple timeframes, and the bi-weekly one shows the strongest potential.
We’re seeing strong movement off the current POC with a nice bullish expansion bar right at the end. The last thing we need is a close above $0.00666, which should trigger even more upside.
If...
4h time frame
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Entry: $0.004
TP: $0.00953
SL: $0.003375
RR: 8.88
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(1) Creating an ascending channel pattern
(2) Getting support on the channel bottom again, also a great entry
(3) Target is set at the channel top based on time and space analysis
(4) Fib extension 1.13 provides the same target as (3) at $0.00953
(5) Stop loss once going below $0.003375
