Is it MEMEs Season Again?

2 min read October 18, 2024
Lenka Fetyko

Is it MEMEs Season Again?

As crypto market continues its bullish trend reversal that started on Aug 5th, MEMEs and AI coins have outperformed.

We’ve alerted our members of bullish breakouts MEME coins a month ago.

Many have reached critical resistance areas. If broken, we could see some serious fireworks by end of 2024!!
You can find such trade setups on 65 major altcoins here.

Memes Technical Analyses

 

DOGE Trade Setup

Trade Setup: Price broke out from Channel Down pattern, which signaled a bullish trend reversal. Now it’s trading in a Channel Up pattern. It’s reached the Channel resistance trendline and it’s getting overbought (RSI > 70). Hence, there’s a good chance we’ll see a pullback on profit taking near-term. We would be buyers near Channel support, with upside potential back to $0.126 – $0.140 resistance zone. Stop Loss at $0.093.

Learn how to trade Chart Patterns in Lesson 7 of our new Crypto Trading Course, which includes 40 videos, notes, quizzes, 7 trading strategies, margin trading, short-selling and risk management.

We share the best trading ideas and tips in our VIP group (available to members with Annual, Lifetime and Education plans).

You can find 56 MEME coins on altFINS platform by selecting “MEME” category (see here).  These are the more “legit” MEME projects that have been listed on CEX and have decent trading liquidity.

Many of the larger cap MEME coins have entered an Uptrend on Medium-term basis.

Memes on altFINS Crypto Screener

MEME coins are purely speculative. No fundamentals. No product, no team, no community, they’re not even pretending to create any utility.

MEMEs are driven purely by trader psychology and sentiment.

Therefore, MEME coins are perfect for Technical Analysis!!

Because TA uses indicators and tools that leverages market psychology, pure price action.

Learn how to trade for profit with our new Crypto Trading Course.

MEMEs Performance

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