Trying to learn meme lines, but i'm not confident in placing this lines -.-
are the horizontal resistance and support lines set correctly? drew 3 different trend line sets (green/yellow/red) can't tell if even 1 is drawn correctly or lets say acceptable.. what should I look for and where can I improve in drawing memes?
TAanons help me
Jack Adams
Aaron White
one line set is not green, its blue... fucked up my colors
Brayden Hernandez
Buy Mobius sir
Charles Ward
Delete all the lines except bottom blue, that's your support
Draw new line from where you have your top red line through all the top wicks and that's the resistance
Draw them long enough to where they converge and close to there is where a breakout will happen
Brandon Jones
like that?
so no horizontal lines as support/resistance lines?
i just don't really understand when to draw which kind of pattern, because obviously you can draw any pattern into these charts^^
Mason Cox
yes. good pennant. Now watch btc break it down
Isaac Jenkins
do you import from binance or how do you do this
Cameron Walker
what do you mean? I draw them directly in binance
Kayden Peterson
Ye like that.
The horizontal lines would be used to predict where a pump or dump would break down/reverse In areas where lots of trading action has occurred in the past
The biggest one would be a line that hits as many bounces or rejections as possible but typically 3-4 points
Look at the moving averages too (longer ones are strongest) and if they line up with support/resistances from previous action, bounces are practically guaranteed there
I cba to draw an example cause phone posting atm
I'll post a couple of screens I took from TA user though
Jacob Edwards