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Pepecoin

PEPE short on hourly chartYes I'm one of those crypto boomers who faded PEPE but the time to shine for shorting is here. From a TA perspective, we have seven consecutive wicks above the upper boll bands. The bands themselves are very wide, fanned outward with the lower band running near the 200MA. This would indicate a 75% drop is possible. Not saying that's going to happen, but the token has gone from being expensive to trade in ETH to now having liquidity on major exchanges, with trading in Binance's "innovation zone" opening in an hour. From past experience, dookie coins that get listed on Binance tend to bleed out quickly after they debut. Most don't recover. My short opened at .000004198, which I'll look to exit at .000002, unless the DeFi LPs are rugged then I'll ride it straight to zero. Everything about this coin is a disaster from a non-technical perspective. Anon team, insider trades early on, unlicensed use of copyright (Pepe via Matt Furie), and its been shielded in the ETH ecosystem where only whales could afford to trade it due to the expensive cost ($50-$100 in fees per transaction). Even if I get stopped out here (at .000005) I'll keep shorting it at selective points while I wait for the inevitable rug pull. Good luck, NFA
Short
by ChartswithChip
PEPEUSDT What's going on with PEPE??PEPEUSDT is testing the top of a Triangle pattern similar to the earlier one on April 19 - 27. The 4H RSI however resembles the April 28 - 20 parabolic rise. If the price closes above the Triangle, we expect a rise to 0.0000038. If not, then pull-back to the bottom of the Triangle at 0.0000010 until the next move emerges. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
2
Is #PEPE still headed for the moon or is the rally done?I don't trade this coin, but here is what I was talking about on this morning's Wolf of All Streets Podcast with a bit more information. My count suggests that wave (iii) of ((iii)) terminated at the current swing high. Since, then wave (iv) has been printing what appears to be a flat correction. If so, then it is likely complete at the swing low. However, further decline has targets of the 38.2% and 50% retracement levels, respectively. The targets are based on the completion of wave (iv) and are denoted by the red arrows. It's possible that a double top formed, which would give us a pattern target of the 50% retracement area at the hourly pivot. But we need to see further breakdown to confirm that likelihood. Failure to do so will invalidate the pattern. So, if price rallies, instead, then an impulsive breakout above the descending purple resistance will signal that wave (iv) is likely complete. Further breakout above the wave b extreme will add confidence to the count. And wave (v) of ((iii)) has one of the red arrow targets depending on which of the pullback targets is hit. Basically, I'm looking for an impulsive breakout above the purple line to signal that wave (iv) is likely complete, no matter which pullback target is hit. Further breakout above wave b will signal that wave (v) of ((iii)) is likely in progress to one of the aforementioned targets.
by Chris_Inks
Firm Resistance For PEPE around $0.0000014Clearly we have a pretty strong resistance level around 0.0000014. Now let's break it down to the 4 hour level. That 0.0000014 resistance level halted advances on two four hour candles. We are seeing some support which is where PEPE bottomed out yesterday. We look to be forming an ascending triangle with that 14 level being firm resistance. As you can see the trend line which has been in effect since saturday is quite strong and could continue to push shares higher. Obviously I only have two weeks of chart data to work with here but one thing that every chartist would agree with is that the $0.0000014 resistance level is pretty significant and if we get a break of that level we are likely to see more upside. Join our reddit page Pepecryptocurrency for daily chart and info !
Long
by Value-Invest
PEPE Pepecoin Beware of a Rug Pull !!PEPE or Pepecoin is a meme crypto without any fundamentals that has a market cap of USD303 Million! Beware of a Rug Pull! A rug pull is a scam where a cryptocurrency developer and group of paid influencers hypes a project to attract investor money, only to suddenly shut down or disappear, taking investor assets with them. The name comes from the idiom “to pull the rug out” from under someone, leaving the victim off-balance and scrambling.
Short
by BuySellMarketMaker
13
PEPE - Speculating on the newest MemeIts hard to accurately chart a semi-liquid post-parabolic memecoin, but it looks like a major decision point incoming. If major bids don't show up soon, it will drop down to retest the horizontal support, and failing that lead to a breakout to the downside. However a small downsize move below support could confirm a flag and leads to a nice rally if it taps a sufficient demand zone. Note: Liquidity is a risk with this token and at any point one of the larger bagholders could crush the price due to limited liquidity. If that improves it also improves the prospects for a longer term price appreciation. My bias is still to the downside in the near term, with the descending resistance against the horizontal support with diminished volume. But if it breaks to the downside I'll consider buying a small bag, even just HKEX:50 , and holding to the next bull market. Cautious traders should look for a higher low before considering entry. While there were many other Pepe tokens attempted in the past, this one gained more traction and could do well in the next bull market.
by 1BigPapi
Memetic / PepeCoin Higher Highs Memetic does look pretty awesome from the technical perspective, it has been bouncing off the 200 Moving Average for an extended period of time after which it broke above the $0.4 resistance and now there is clearly a higher highs, higher lows pattern. After breaking above the $0.4 resistance price retraced back and rejected the uptrend trendline. Currently, it seems that MEME/USD is ready to continue the uptrend and a new all-time high should be just around the corner. The first target is seen at $2.5 where 161.8% Fibonacci retracement, applied to the latest corrective wave down. On a downside note, only break and close below the 200 Moving Average would invalidate bullish outlook.
MLong
by CryptoPAMM
4