🐸PEPE🐸 is Ready to Correct 🚨➖40%🚨
Updated
✅As I expected in the previous post, PEPE was corrected by more than ➖50%.
🌊According to the theory of Elliott waves, PEPE is completing the main wave 5, and most likely, wave 5 is a truncation type.
📚A truncation is the fifth wave in an impulsive pattern that fails to exceed the price extreme of the third wave. It suggests underlying strength or weakness and an impending market reversal.(A truncation often occurs following a particularly strong third wave)
🔔I expect PEPE to drop to at least the Support line after breaking the Uptrend line (➖40%).
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
PEPE Analyze (PEPEUSDT), Daily 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 gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🌊According to the theory of Elliott waves, PEPE is completing the main wave 5, and most likely, wave 5 is a truncation type.
📚A truncation is the fifth wave in an impulsive pattern that fails to exceed the price extreme of the third wave. It suggests underlying strength or weakness and an impending market reversal.(A truncation often occurs following a particularly strong third wave)
🔔I expect PEPE to drop to at least the Support line after breaking the Uptrend line (➖40%).
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
PEPE Analyze (PEPEUSDT), Daily 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 gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Comment
If the Uptrend line breaks, we can confirm the end of the main wave 5 and expect a further drop from PEPE.Comment
It seems that PEPE has completed the main wave 5. To confirm the end of the main wave 5, we have to wait for the breaking of the Uptrend lines; if these lines are broken, PEPE targets can be 🟢support zones🟢.
PEPE entering the 🔴resistance zone🔴 can be a good opportunity for a short position.
Comment
PEPE seems to have broken the uptrend lines, but we have to wait a bit for the support zone to break.
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