Just meme'inNot a legit idea just thought I'd have some weekend fun. Was the recent spike some kind of pump?
MEMEWETH_5DFBE9.USD trade ideas
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.
Symmetrical triangle pattern / triangulo simetricoActivity of technical analysis positions in tradingview,
In the cryptocurrency market,
Activity 9. Symmetrical triangle pattern
In this opportunity a symmetrical triangle is identified, with upward break
a long is recommended
Confirmation indicators used:
MACD: The crossing in the moving averages and their separation confirm the break and the upward trend
Bollinger Bands: There is a small decrease in volatility before breaking
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Actividad de posiciones de análisis técnico en tradingview
En el mercado de criptomonedas,
Actividad 9. Patrón de triángulo simétrico
En esta oportunidad se identifica un triángulo simétrico, con rompimiento al alza
Se recomienda irse largo
Indicadores de confirmación utilizados:
MACD: el cruce en los promedios móviles y su separación, confirman el rompimiento y la tendencia al alza
Bandas de Bollinger: Existe una pequeña disminución en la volatilidad justo antes del rompimiento
Alexis Contreras
Student / Estudiante Tecnologia_Financiera
