PEPE PUSHES WITH FRACTAL INVERTED H&S
Updated
We could see PEPE repeat some good things as we come to a fib support that's "been done before"
- An inverted H&S has formed (or tea cup and handle if you wish) and threatens to reverse us back to the upside, this chart structure looks very familiar to the last move we made to the upside back in April 2024
-A DBW forms on the 5 min TF with the overall downward move hitting a technical support at 0.0000096, signaling a potential trend reversal to the upside.
(Price could push as low as 0.0000094 range to touch our trend line)
-RSI is currently oversold hovering at 17.53, giving us further evidence of a turn around
- An inverted H&S has formed (or tea cup and handle if you wish) and threatens to reverse us back to the upside, this chart structure looks very familiar to the last move we made to the upside back in April 2024
-A DBW forms on the 5 min TF with the overall downward move hitting a technical support at 0.0000096, signaling a potential trend reversal to the upside.
(Price could push as low as 0.0000094 range to touch our trend line)
-RSI is currently oversold hovering at 17.53, giving us further evidence of a turn around
Comment
MACD crossed over on the 1 hr TF. I entered at 0.000010325 with a TP at 0.0000125, and a trailing stop loss prepared to give room to ride the waves in between.Disclaimer
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