Moodeng starting to form bullish PAAfter losing the last major level, Moodeng has stabilised and found support and is now building bullish price structure.
If not in an entry already I'd wait for price to retrace before entering a long.
A good scenario is if price retraces back to support and major trend and shows a reaction to support level, this would be a good indication to go long with stop below previous major low.
MOODENGUSDT trade ideas
MOODENG - $1B marketcap?Please note: This is very speculative as moodeng is a brand new memecoin and is very high risk.
Here I have added my dextools chart. None of the tradingview charts for MOODENG are good therefore I choose dextools to chart this particular asset. Simply scroll over the image I have attached to see the chart without the candles overlapping it.
What we can see is a pattern forming on the lower timeframes. Since our run from under $0.01 to over $0.30 we have seen a pullback. This has created a series of lower highs (red circles). Recently, we have seen a breakout of this series of lower highs and also a retest of the old resistance flipped into new support. Price has also been defended by our demand zone between $0.16-$0.18.
My theory is Binance will list MOODENG and will cause the pump to around SEED_TVCODER77_ETHBTCDATA:1B marketcap. This would send MOODENG from $0.23 to around $1. Of course this is very speculative but finding a "reason" for this memecoin to pump in a big way would be because of a Binance listing. Keep your eyes peeled for that scenario.
MOODENG broke the downtrendMOODENG was strong enough to not go further down. It backed up and got back up and is currently trading in an uptrend. Some short positions are worth it and also the long after.
Enjoy trading on MOODENG.
Always Do Your Own Research. (DYOR)
This is no Financial Advice. (FA)
MOODENG new ath?Moodeng is currently one of the most hyped memecoin. It was the only coin that kept a gain more then 15% after the whole market turned red. MOODENG is currently in a new uptrend and has seen the bottom. Now it might will try to brake its ATH. Sadly i dont understand elliot wave good enough but it lookes on the Daily Chart that it might create one. And who knows will that lead MOODENG to an bigger new ATH
