#MEW/USDT#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 average 100
Entry price 0.008400
First target 0.009337
Second target 0.009965
Third target 0.010845
Mewspot
MEW target 0.009534h 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