Pepe looking at major support and major fib level
Pepe looks to have dropped to a 0.78 fib level from start to top so it may well bounce. RSI is low and should turn up soon to confirm. Wix indicator is showing a green uptrend signal also confirmed by a low but rising stochastic RSI.
Fib levels are on the chart as are the other indicators. Id say it will bounce from 14 upto the high 19 a nice 33% ish gain.
Id also ladder out before that to get out safely as whales can and will sink the price by selling large amounts at this level.
Also the next bit of negative news be it bank goverments or world events will make all assets shed and rebalance as i think its well overdue a 20% to 30% dump across all assets.
Fib levels are on the chart as are the other indicators. Id say it will bounce from 14 upto the high 19 a nice 33% ish gain.
Id also ladder out before that to get out safely as whales can and will sink the price by selling large amounts at this level.
Also the next bit of negative news be it bank goverments or world events will make all assets shed and rebalance as i think its well overdue a 20% to 30% dump across all assets.
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