evasivesteering

PEPE is about to break

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evasivesteering Cập nhật   
BINANCE:PEPEUSDT   PEPE / TetherUS

PEPE has lost 80% of value since being listed.

Today, with the rise of BTC, PEPE is at the breaking point to escape the descending broadening wedge pattern.

On 12TF, the volume indicators CMF and MFI had already broken their trendlines. This implies that buy pressure has increase slowly and possibly the local bottom is set.

A trade setup is as in chart with TP (blue lines) and SL (red line)


Giao dịch đang hoạt động
Bình luận:
+13% since entry

The break-out was done without big volume and BTC faces strong resistance at $30000.

Be ready if PEPE would retest the broken trendline.
Bình luận:
+26% since entry
TP1 done
Bình luận:
+48% since entry
TP2 done
Bình luận:
+58% since entry
TP3 done
Bình luận:
If PEPE would reach the final target $0.000002 on weekend?
20% more to go!
Bình luận:
PEPE has been consolidating during these weekends. It's likely that a bullish pennant is being formed. Another leg up to surpass the final target?

Bình luận:
PEPE is breaking out the bull flag (updated)
Bình luận:
The bull flag has failed. Here below what i'm watching: the current support 0.00136 should hold so that consolidation continues before a potential leg-up.
Bình luận:
PEPE is bouncing well

Bình luận:
Update:
Bình luận:
PEPE is still in consolidation for another leg up, in my opinion
Bình luận:
SOS (Sign Of Strength) is on-going
Giao dịch được đóng thủ công:
I closed this trade due to weakness of BTC

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