PEPE: Breakout and Retest!
Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
PEPEUSDT has broken out from a descending triangle pattern, suggesting a reversal from the previous bearish trend. The breakout is supported by a retest, and if PEPE maintains the retest level, a bullish rally is likely soon.
Key Observations:
~ Entry Range: $0.00001024 to $0.00001102.
~ Lower Support: $0.00000899.
~ Deviation Range: $0.00000899 to $0.00000991.
~ Moving Averages: The 50EMA stands as resistance for PEPE at $0.00001191.
If the market continues to drop, PEPE is likely to hit the deviation level, followed by a rebound.
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
PEPEUSDT has broken out from a descending triangle pattern, suggesting a reversal from the previous bearish trend. The breakout is supported by a retest, and if PEPE maintains the retest level, a bullish rally is likely soon.
Key Observations:
~ Entry Range: $0.00001024 to $0.00001102.
~ Lower Support: $0.00000899.
~ Deviation Range: $0.00000899 to $0.00000991.
~ Moving Averages: The 50EMA stands as resistance for PEPE at $0.00001191.
If the market continues to drop, PEPE is likely to hit the deviation level, followed by a rebound.
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
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Coincatch:- bit.ly/15000USDTBonus
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