PEPE to see a price reversal?PEPE hit a crucial roadblock, a breaker block of $0.00000136 - $0.00000155, red. With a weak BTC below the $29.5k range-low, a price reversal could be likely at the above roadblock, offering a shorting opportunity.
Entry: $0.00000140
Take-profit: $0.00000120
Exit: $0.00000150
RR: 2
However, the H4 market structure was bullish, and a BTC cross above $29.5k could quickly invalidate the set-up.
Pepe
Bitcoin is a global trend break! Can't avoid falling?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
Small updateBTC friends:
Technically, on the daily chart, the price broke through the global trend line, previously it acted as a support zone, now there is no support, as we can see, and now this trend line is already acting as a resistance level, which can lead to the next scenario very soon...
Suppose the first option, as I wrote earlier, will drop to the 29,000-28,800 zone and from there get an upward impulse to the $29,300-29,500 consolidation zone with a possible update of the local High $30,250
Or the second option: the price will fall below the local LOW of $28,550 and test the support level in the $28,050 zone, moving lower to remove stop orders.
I continue to hold the $29,550 short entry and am bearish for now, although there are a lot of rumors about an impending BullRun...
PEPE → ON the FLIP areahello guys...
as you can see this shit coin is on the flip area (the blue area)
on the other hand, this coin made a descending channel and broke it once, now it is on the breakout target, so it is possible this wants to make a correction.
______________________________
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🐸PEPE🐸 Analyze (Road Map)!!!🗺️(15 min)Hi everyone👋.
PEPE is moving in the 🔴 resistance zone 🔴.
🌊According to Elliott's wave theory , PEPE is completing the main wave 5 . (currently completing microwave 5 of main wave 5).
💡Also, we can see Regular Divergence(RD-) between wave 3 and wave 5.
🔔I expect PEPE to go UP to the upper area of the resistance zone and then start to FALL again and lose the uptrend line .
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🌐➕ Positive News ➕🌐:
Meme Coins PEPE and SHIB Rally Double Digits on the Week.
Analyst Predicts Potential Breakout For Pepe Coin With $1B+ Market Cap In Sight: 'Breakout Has Barely Started.'
Crypto Analyst Predicts Parabolic Run for Memecoin Pepe (PEPE), Updates Outlook on Dogecoin (DOGE).
🌐➖ Negative News ➖🌐:
Attention to PEPE is not the same as before.
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Pepe Analyze ( PEPEUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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HarryPotterObamaSonic10Inu Ascends to Supremacy"Ruling the Memecoin Empire: HarryPotterObamaSonic10Inu Ascends to Supremacy in a Billion-Dollar Arena"
In the intricate landscape of meme-driven cryptocurrencies, a billion-dollar kingdom has materialized, and at its very nucleus arises HarryPotterObamaSonic10Inu (Ticker: BITCOIN), an unparalleled force primed to seize the throne. With an expansive vision and an unyielding commitment to innovation, BITCOIN is forging an uncharted path to eclipse and outshine its peers, unequivocally establishing itself as the sovereign magnate within this dazzling realm.
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HarryPotterObamaSonic10Inu Bitcoin"In the Enigmatic Billion-Dollar Realm of Memecoins, HarryPotterObamaSonic10Inu Reigns Supreme"
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🔥 PEPE Falling Wedge: Patience For Break OutAfter topping around 190, PEPE has been trading bearish for nearly a month. During this period, a falling wedge pattern has emerged on the chart. Falling wedges are classically bullish reversal patterns, so we're going to wait for a bullish break out of the pattern.
My expectation is that we're still going down. The 115 area seems like a decent area for a potential bounce from the wedge's support. Once we've broken out, stop below the wedge, target at 190.
PEPE LONG SETUPHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the PEPE symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
PEPE PEPEUSDT Price Analysis (8h)Hello, esteemed traders and crypto enthusiasts!
Let's embark on a detailed exploration of PEPEUSDT's current market dynamics and presence of the Bullish Divergence. 📈💹
📉 Triangle Breakout and Target Projection:
PEPEUSDT's recent price action showcases a downward trajectory following a breakout from a triangle pattern. The configuration of this pattern signifies a potential target level hovering around the 8320 mark. Interestingly, this target aligns harmoniously with a zone that has previously acted as a crucial support area.
📈 The Emergence of Bullish Divergence:
However, a comprehensive analysis requires us to zoom in on the Relative Strength Index (RSI) indicator. Upon closer examination of the 8-hour timeframe, a noteworthy phenomenon is on the horizon: Bullish Divergence. This phenomenon is pivotal, as it signals a potential shift in the prevailing market sentiment.
🚀 Understanding Bullish Divergence:
Bullish Divergence occurs when the price of an asset is moving downwards while the RSI is moving upwards. This discrepancy suggests that the selling pressure may be waning, despite the price continuing its descent. It often foreshadows a potential trend reversal or a substantial price rebound.
📈 Harnessing Bullish Divergence for Trading:
In this context, if market participants perceive the emerging Bullish Divergence as a compelling buy signal, it could usher in a series of intriguing possibilities. This includes a potential rebound in the price trajectory. The violet resistance line, which had previously constrained the price, could potentially face a breakout.
🎯 Upside Targets and Potential Breakout:
Should this scenario materialize, the price movement might gravitate towards resistance levels located at 12500 and 14400. These levels are significant as they have historically acted as crucial barriers to upward price progression.
🚨 The Key Factor: Risk Management 🛡️:
As traders, it is crucial to underscore the significance of meticulous risk management strategies. While Bullish Divergence offers a glimmer of potential upward movement, it's essential to integrate this insight into a broader risk assessment framework.
Happy trading, fellow crypto enthusiasts! 🚀📈💰
PEPEUSDT even more correction ❌🧨Hello 🐋
based on the chart
the price is close to the trend line and resistance zone in the parallel channel ✔️📚
so
we expect to see red candlesticks to the downside ❌🧨
besides
the range market and brief green candlesticks to the upside are acceptable scenario too 📖💡
if
we lose our support level, we will see even more correction to the downside ❌🧨
Please, feel free to share your point of view, write it in the comments below, thanks 🐋