A descending channel has been identified
The trend of MEME is entirely bearish, moving downward and initiating a strong downward trend. A descending channel has been identified for MEME, within which it continues its downward movement, consistently creating lower highs and lower lows, and it is currently at the bottom of this channel.
The likely scenario is that, with strong confirmations, the price could move up to the top of the descending channel.
The likely scenario is that, with strong confirmations, the price could move up to the top of the descending channel.
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Related publications
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.