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Pepeusd

PEPEUSD: Hit the 1D MA50 again. Watch those buy levels.The memecoin PEPEUSD hit today the 1D MA50 on a historic first time. That is enough to turn the 1D timeframe neutral (RSI = 54.982, MACD = 0.000, ADX = 27.672) which means that the trend might be changing but there is no confirmation yet so we need to proceed with caution. We are willing to buy only above the 0.236 Fibonacci level or after a pullback to the 4H MA200. After all, we are forming today the 1st MA50-100 Bullish Cross on the 4H time frame. In both cases our target will be the 0.382 Fibonacci (TP = 0.0000022000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:PEPEUSDLong
by InvestingScope
8
Pepe: Traversing the Bullish WaveThe crypto world is currently witnessing a massive rally, a global phenomenon marked by a notable 6% growth in total market cap within the last 24 hours. As the mainstream adoption of cryptocurrencies increases and the potential for an institutional foray into the crypto space becomes more real, several cryptocurrencies have been benefiting from this bullish momentum. One such coin that has recently grabbed attention is Pepe coin, a popular meme coin that has undergone a remarkable resurgence. Pepe coin, in the last 24 hours, has been on a spectacular run, its value skyrocketing by approximately 15%. This meteoric rise has piqued the interest of the investor community, stirring hopes that the coin might soon reclaim its previous peak at a $1 billion market cap. Pepe's journey of resurgence has been marked by a growth of over 14.8% in the past 24 hours, accumulating to a weekly gain of more than 15%. This robust performance has catapulted it to become the top trending cryptocurrency on CoinMarketCap, further marked by an impressive 130% increase in its 24-hour trading volume. Digging deeper into the technical analysis of Pepe, it reveals a promising outlook for investors. On the 4-hour chart, the 0 Fibonacci level is marked at 0.000000908, with the half and first Fibonacci levels at 0.0000009805 and 0.0000010529 respectively. The current price of Pepe is at 0.0000012856, showcasing robust support at the 0 Fibonacci level of 0.00000111 on the 1-hour timeframe. Analyzing the Bollinger bands on the same 1-hour timeframe, the upper band points to a level of 0.0000012242, the middle one is at 0.0000010802, and the lower one rests at 0.0000009407. The momentum indicators for Pepe reflect the coin's current strong performance. The RSI, currently at 85, suggests an overbought market scenario that could potentially precede a price correction. However, the MACD indicates a value of 0.0000000540, signifying bullish momentum. In terms of volume, the OBV is at a significant 37 trillion, an indicator of strong buying pressure in the market. It's important to note, though, that the Stochastic oscillator is currently at 78, signifying the coin might be in overbought territory, and a potential reversal might be on the horizon. This rally of Pepe's value can be attributed to the broader boom in the crypto market, spearheaded by the rapid rise of Bitcoin and its increasing institutional adoption. This rally has ignited a positive sentiment across the crypto market, benefitting coins like Pepe. However, despite the coin's current success, investors need to exercise caution. Pepe's ability to generate sustainable profits during bear markets is still under scrutiny. As crypto trader Michael van de Poppe points out, while Pepe has witnessed a strong surge, a clear continuation is yet to be discerned. In conclusion, Pepe coin currently rides the wave of a bullish crypto market. While the coin's recent performance and the prevailing market trend give investors cause for optimism, it's essential for them to exercise due diligence and keep a close eye on market indicators. The crypto market is known for its volatility, and while potential gains can be lucrative, the associated risks can be just as significant. Hence, a balanced approach, aided by constant monitoring and well-informed decision-making, will be crucial in navigating the future course of Pepe coin.
by ShawnMCR
13
PEPE breaks out / high risk / high reward setup.Channel breakout: PEPE has just broken out a 40 days long resistance of a down channel. Applying Divergence check on the breakout: There is no bearish divergence therefore the breakout is valid but sofar, volume is low. Inverse Head & Shoulder move: There is another up trendline resistance of inverse Head & Shoulder pattern's neckline. For safer side we can wait for priceline to breakout neckline of this head and shoulder. Target for the channel's breakout is Target: $0.00000208 Stop loss can be below the recent swing low before the breakout, which is at $0.00000082. Below is the view: It is a high risk / high reward setup. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
$PEPEUSDT key support and resistance levels + weekly forecastOKX:PEPEUSDT continues its weakness relative to CRYPTOCAP:BTC and broader "risk on" signal markets such as $NQ! This latest dip was driven by an extremely negative news event - Grifter Gensler and his band of goons at the SEC are employing some bank-collapse-contagion-red-herring tactics by suing Binance. This news allowed the bears to take control and we see the temporary decoupling from the usual tight correlation with the Nasdaq break: In such events, traders with massive positions such as wallet 0x4614 move to protect their capital and sold huge positions to cut short term losses, as the market readjusts to lower key levels. If this was a catastrophic sell off event, we would not have seen a bounce off key support at 0.00000095, and the last remaining support for OKX:PEPEUSDT 0.0000005 would have fallen. The 0.0000005 level is revealed by my TA as the "last stand" support level for $PEPEUSDT. Breakdown BELOW this level would be a pivotal bearish moment and we would need a week or so to establish relatively "strong" support levels, not just daily price ranges, at lower price levels. However, this is not what happened during Bitcoin's multi thousand dollar move down which means that short term volatility can continue. Using a three-way outcome/decision matrix - down-neutral-up - we can prepare for three scenarios and deploy capital accordingly. The first outcome which is down, is a breakdown below the 095 handle and a cascade towards 056 handle (red box range in title image). As OKX:PEPEUSDT is tightly correlated with CRYPTOCAP:BTC and AMEX:HYG (BBB bonds), this would likely mean those two broader markets would have continued lower. If we look at CRYPTOCAP:BTC key levels, again we're not in catastrophe scenarios at all, a nice bounce off the $25.5k level and bulls will target $25.9k as next resistance: And AMEX:HYG levels also looking healthy, above 74.3 support with 75.3 as overhead resistance. Secondly in the neutral outcome we find a new range in OKX:PEPEUSDT bouncing between 0.000000950 and 0.00000108. A perfectly acceptable outcome for active traders as this offers a nice 10% intra day range. Thirdly in the OKX:PEPEUSDT bull case we need to see a breakthrough in CRYPTOCAP:BTC above $25.9k level and a move towards its next major resistance level now at $27k.
by dreamalittle
PEPE like DOGE?Hello friends, when asked how I see it with PEPE, I would compare it to the similarity with DOGE, on pepe I put important trend lines for me and attached a long-term chart of dogecoin on it... make the picture yourself, I don't have any special one on pepe now opinion and we are not even overly bullish on the crypto situation. Overall, however, another big increase is expected for PEPE, in fact, when PEPE passes above the tredline, which is resistance, and rebounds from the lower trendline.. then I will open a long position.
CRYPTO:PEPEUSD
by Bitcoinblockchainonline
Strong BULL coming $PEPEThis is my last call for the BUY zone on $PEPE/USDT. 1. Falling wedge most likely will be breaking above soon. 2. 4H timeframe identifies a very strong bullish divergence. (if you check previous divergences, $PEPECOIN is always reflected on them!) 3. We have a very strong support zone! 4. rumors about Robinhood are very strong than ever! P.S Be greedy when others are afraid, and be afraid when others are greedy! P.s.s All this SEC lawsuits are just to make people afraid and let them buy cheap, countries like China and Russian are getting into Crypto, do you really think USA will ban crypto overall? If yes, then you just leave this space and continue 9-6 work. :))) P.s.s.s If somehow my analysis is incorrect about $PEPE/USDT, this will be my last publishing.
Long
by UncleSurfer
3
PEPE Coin | A Whale Sold PEPE at 52% Loss !A substantial loss was incurred by a whale who sold over 400 billion PEPE tokens at a 52% loss. The sale involved the transaction of 468.5 billion PEPE tokens, in exchange for 109 ETH valued at $190,000 and 237.5 thousand USDT. The unfortunate outcome of this transaction left the whale with a significant loss. On May 9, the whale withdrew approximately $890,000 worth of PEPE tokens from the KuCoin exchange. In my view, there appears to be a significant downward trajectory ahead. Looking forward to read your opinion about it.
Short
by TopgOptions
PEPE (technical idea) range market and more correction ❌🧨Hello 🐋 the price now again stick in the parallel channel, we expect to see sharp red candlesticks to the downside besides the range market is acceptable scenario too 📖💡 if we lose our support level, we will see more correction ❌🧨 and if we lose our daily resistance here more gain is logical 💣🚀 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
13
Dont fade $pepeHey all just wanted to share an idea for $pepe. A simple long or short setup. Overall I am BULLISH on $pepe. The community has rallied around everyones favorite meme. Holders are waiting for Coinbase and/or Robinhood to list. I would expect this to be very bullish when it happens. -Only just over 30 days old -1B MC in 19 days -113K on Chain Holders -Pepe the frog was created by artist Matt Furie, both are loved by ALL. Non crypto and crypto enthusiast. -T1 exchanges already listed - Binance, Gemini, Kucoin, OKX, Cryptocom and many others. -Leading daily volume for "meme" coins -Very VERY strong community that will defend at all cost -Contract renounced, no central ownership, community had first dibs not influencer created DO YOUR OWN RESEARCH / PAPER TRADE IDEAS
Long
by TraderOP_
2
3rd Formation is going to be SmallerWe find ourselves on the precipice of the third emergence of a distinctive trading pattern, colloquially referred to as the "third dick formation." Anticipate an auspicious surge characterized by bullish tendencies. It is crucial to note that this forthcoming formation will exhibit a notable deviation from its predecessors, boasting a substantially reduced size. It is prudent to exercise caution and temper expectations regarding substantial amplifications. However, do remain attuned to the potential for up to a commendable 24%-25% escalation in potential gains. To all traders embarking upon this endeavor, I extend my earnest wishes for success.
Long
by IvanKvHere
4
🐸PEPE🐸 is ready for another pump (short term)🚀🔹 PEPE is moving between two resistance and support zone. 🔸This movement has been going on for more than a week.📅 🔹Currently, PEPE is creating a Zigzag(ABC/5-3-5) correction that starts at the resistance zone and possibly extends to one of the 🟡 PRZ(Price Reversal Zones) 🟡. 🔸I expect PEPE to grow to at least the resistance line. Pepe Analyze ( PEPEUSDT ), 1-hour 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.
Long
by pejman_zwin
16