PEPE 1000PEPE/USDT Price Analysis (4h)Hello fellow traders! Here's a brief technical analysis of the PEPE/USDT pair on the 4-hour timeframe chart.
Currently, the price is consolidating after a two-month drop. By analyzing Fibonacci levels from the swing high and swing low, as well as the RSI breakout, we can anticipate a retracement of the price to levels around 10,980, 12,058, and 14,294.
However, given the high volatility of this asset, it is crucial to protect entries with a stop loss. A strong indication of further decline would be a breakdown below the 8,000 zone.
PEPE is a deflationary memecoin launched on Ethereum, paying tribute to the Pepe the Frog internet meme. It features a no-tax policy, redistributive rewards, and a burning mechanism.
PEPE gained popularity in late April to May 2023, attracting a strong community and reaching a market cap of $1.6 billion.
It aims to establish itself as a top meme-based cryptocurrency.
PEPE's unique features include honoring Pepe the Frog, rewarding long-term stakers, and maintaining scarcity through burning.
The founders remain anonymous, and PEPE is secured through Ethereum's Proof-of-Stake consensus. Its maximum supply is 420,690,000,000,000 coins, with a focus on incentivizing holders and community growth.
Happy trading!
Pepe
PEPEUSD: Hit the 1D MA50 again. Watch those buy levels.The memecoin PEPEUSD hit today the 1D MA50 on a historic first time. That is enough to turn the 1D timeframe neutral (RSI = 54.982, MACD = 0.000, ADX = 27.672) which means that the trend might be changing but there is no confirmation yet so we need to proceed with caution.
We are willing to buy only above the 0.236 Fibonacci level or after a pullback to the 4H MA200. After all, we are forming today the 1st MA50-100 Bullish Cross on the 4H time frame. In both cases our target will be the 0.382 Fibonacci (TP = 0.0000022000).
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Ninja Talks EP 20: The Book of Five RingsAs a martial arts enthusiast I found myself reading (again) my favourite book of all time, "The Book of Five Rings" by Miyamoto Musashi.
TLDR;
A 16th Century Samurai who had 64 duels to the death, never lost and wrote down all his techniques, thoughts and insights shortly before he died atop Mount Iwato.
Yeah I know, crazy, but true.
Anyway, I found myself reading this book again and I got to the chapter on Footwork where Miyamoto states something super important that relates to trading massively and something that will 100% help you in your finance career.
He said, "Tred strongly on your heels and allow leeway in your toes."
Essentially this is how I saw it as a trader.
The heel is the first principles of trading - aka the core fundamental rules you must follow to build your trading career.
The Toes are redundant techniques, noise, other peoples opinions, fake news and basically anything that isn't fixed, but constantly changing instead.
Here's how I see it, as traders we need to "Tred strongly on our First principles" and not get lost in frivolous escapades to find the perfect strategy - it doesn't exist, nor does it need to - because first principles are the building blocks of a successful career, not temporary dopamine Toes the majority of traders chase each day.
The first principles?
+ Psychology before, during and after a trade.
+ Win Rate
+ Risk
+ Reward
+ Entry/Exit technique(s)
+ Intuition (gained from experience, screen time and age)
+ Money Management and Compounding Tactics
+ Awareness (The core core)
Does this make sense Ninjas?
Operating from first principles allows you to focus on what's real and lasting, not things that are illusory and temporary.
That's all for this episode!
If you like this then consider giving a follow for more Ninja Talks.
Keep your blades sharp!
Nick
Huge Spike for #PEPE/USDTA huge spike is unavoidable for #PEPE/USDT. Here are the reasons:
1. We are in a strong support zone.
2. We broke downward channel resistance.
3. Spotted 2 bull divergence.
4. Binance is stopping PEPE loans this week, which means people who got loans in PEPE, now they need to buy again and repay the loan, which will lead to buying pressure!
5. Overall Crypto market seems healthy and if BlackRock gets ETF, then the whole crypto will launch, and so will PEPE.
Last and not least, PEPE is trending for more than 2 months and price spike will bring more interest.
p.s. DYOR and invest based on your research.
PEPE - Make Meme Coins Great Again Analysis:
- Fibonacci Retracement
- Order Block
- Trend Line
- Support & Resistance
Opinion:
PEPE is going to push to new ATHS in the coming weeks
Heavily investing at these levels and lower if they drop some more
The riches in the bull run come from correctly accumulating coins with high ROI
Buying as close to the low as possible is key
PEPE is going to make meme coins great again!
This is the first chart of many as more price feed fills in for PEPE it will be easier to analyze :)
PEPE : NEW INCREASE TRENDPepe seems to make on low time frame some interesting volume, wich we will follow to see if it's able to confirm. if Pepe gets the right volume it could increase by more then 20%.
Interesting to see how Pepe will effect the price action in the coming tie, and if we will see a breakout view.
Bitcoin Price Could Hit $38k, But Rising Wedge Poses Risks $20k#Bitcoin HTF Chart Analysis
Current Price: $30,700
Technical analysis: Where patterns unfold
1️⃣ TrendLine Breakout: On the 3-day chart, #BTC has followed a significant TrendLine since its bull market high of $69,000. Impressively, Bitcoin recently broke above this TrendLine, which has now become strong support at $22,800. A successful retest was conducted at $19,850, affirming the validity of the breakout.
2️⃣ The Mighty Red Box: Since January 2021, a robust resistance line has hindered Bitcoin's progress. The first attempt to break this line failed, leading to the onset of the bear market in 2022. Currently, Bitcoin is making its second attempt, but caution is advised as rejection at this level remains a possibility. A potential breakout may occur on the third attempt.
The Parallel Channel: Another pattern forming on the high timeframe chart is a rising wedge or parallel channel. If BTC adheres to this channel, we may witness a rise toward $38,000. However, it's crucial to remain cautious, as a breakdown of this channel, also known as a rising wedge, could lead to greater price pain. The support for the rising wedge is currently at $26,000 but may change over time.
Opinion: Based on the chart analysis, it is anticipated that Bitcoin will initially reach the $36,000-$38,000 range. Subsequently, a correction to the $29,000-$30,000 range could occur. However, breaking down the rising wedge or parallel channel would signify a highly bearish scenario, potentially driving the Bitcoin price below $20,000.
Disclaimer: This report is not financial advice. Please conduct your own research before making any investment decisions.
Thank you for your attention.
Follow for more analysis.
Pepe: Traversing the Bullish WaveThe crypto world is currently witnessing a massive rally, a global phenomenon marked by a notable 6% growth in total market cap within the last 24 hours. As the mainstream adoption of cryptocurrencies increases and the potential for an institutional foray into the crypto space becomes more real, several cryptocurrencies have been benefiting from this bullish momentum. One such coin that has recently grabbed attention is Pepe coin, a popular meme coin that has undergone a remarkable resurgence.
Pepe coin, in the last 24 hours, has been on a spectacular run, its value skyrocketing by approximately 15%. This meteoric rise has piqued the interest of the investor community, stirring hopes that the coin might soon reclaim its previous peak at a $1 billion market cap. Pepe's journey of resurgence has been marked by a growth of over 14.8% in the past 24 hours, accumulating to a weekly gain of more than 15%. This robust performance has catapulted it to become the top trending cryptocurrency on CoinMarketCap, further marked by an impressive 130% increase in its 24-hour trading volume.
Digging deeper into the technical analysis of Pepe, it reveals a promising outlook for investors. On the 4-hour chart, the 0 Fibonacci level is marked at 0.000000908, with the half and first Fibonacci levels at 0.0000009805 and 0.0000010529 respectively. The current price of Pepe is at 0.0000012856, showcasing robust support at the 0 Fibonacci level of 0.00000111 on the 1-hour timeframe.
Analyzing the Bollinger bands on the same 1-hour timeframe, the upper band points to a level of 0.0000012242, the middle one is at 0.0000010802, and the lower one rests at 0.0000009407.
The momentum indicators for Pepe reflect the coin's current strong performance. The RSI, currently at 85, suggests an overbought market scenario that could potentially precede a price correction. However, the MACD indicates a value of 0.0000000540, signifying bullish momentum. In terms of volume, the OBV is at a significant 37 trillion, an indicator of strong buying pressure in the market. It's important to note, though, that the Stochastic oscillator is currently at 78, signifying the coin might be in overbought territory, and a potential reversal might be on the horizon.
This rally of Pepe's value can be attributed to the broader boom in the crypto market, spearheaded by the rapid rise of Bitcoin and its increasing institutional adoption. This rally has ignited a positive sentiment across the crypto market, benefitting coins like Pepe. However, despite the coin's current success, investors need to exercise caution. Pepe's ability to generate sustainable profits during bear markets is still under scrutiny. As crypto trader Michael van de Poppe points out, while Pepe has witnessed a strong surge, a clear continuation is yet to be discerned.
In conclusion, Pepe coin currently rides the wave of a bullish crypto market. While the coin's recent performance and the prevailing market trend give investors cause for optimism, it's essential for them to exercise due diligence and keep a close eye on market indicators. The crypto market is known for its volatility, and while potential gains can be lucrative, the associated risks can be just as significant. Hence, a balanced approach, aided by constant monitoring and well-informed decision-making, will be crucial in navigating the future course of Pepe coin.
🔥 PEPE Waiting For Bullish Break Out: Great Reward PotentialOver the last couple of weeks I've made several PEPE analyses where I discussed a potential reversal of the trend. In the end it became clear that PEPE had to go lower first before a prolonged change of trend.
Still, I kept a close eye on the diagonal purple resistance line. At some point PEPE has to break through it, which can potentially kick off a major bullish correction after weeks of selling.
In case of a break out, the 200 area is still the target like before. SL around 93, could also be 82 for a less risky approach.
PEPE breaks out / high risk / high reward setup.Channel breakout:
PEPE has just broken out a 40 days long resistance of a down channel.
Applying Divergence check on the breakout:
There is no bearish divergence therefore the breakout is valid but sofar, volume is low.
Inverse Head & Shoulder move:
There is another up trendline resistance of inverse Head & Shoulder pattern's neckline.
For safer side we can wait for priceline to breakout neckline of this head and shoulder.
Target for the channel's breakout is Target: $0.00000208
Stop loss can be below the recent swing low before the breakout, which is at $0.00000082.
Below is the view:
It is a high risk / high reward setup.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
$PEPEUSDT key support and resistance levels + weekly forecastOKX:PEPEUSDT continues its weakness relative to CRYPTOCAP:BTC and broader "risk on" signal markets such as $NQ!
This latest dip was driven by an extremely negative news event - Grifter Gensler and his band of goons at the SEC are employing some bank-collapse-contagion-red-herring tactics by suing Binance. This news allowed the bears to take control and we see the temporary decoupling from the usual tight correlation with the Nasdaq break:
In such events, traders with massive positions such as wallet 0x4614 move to protect their capital and sold huge positions to cut short term losses, as the market readjusts to lower key levels.
If this was a catastrophic sell off event, we would not have seen a bounce off key support at 0.00000095, and the last remaining support for OKX:PEPEUSDT 0.0000005 would have fallen.
The 0.0000005 level is revealed by my TA as the "last stand" support level for $PEPEUSDT. Breakdown BELOW this level would be a pivotal bearish moment and we would need a week or so to establish relatively "strong" support levels, not just daily price ranges, at lower price levels.
However, this is not what happened during Bitcoin's multi thousand dollar move down which means that short term volatility can continue.
Using a three-way outcome/decision matrix - down-neutral-up - we can prepare for three scenarios and deploy capital accordingly.
The first outcome which is down, is a breakdown below the 095 handle and a cascade towards 056 handle (red box range in title image). As OKX:PEPEUSDT is tightly correlated with CRYPTOCAP:BTC and AMEX:HYG (BBB bonds), this would likely mean those two broader markets would have continued lower. If we look at CRYPTOCAP:BTC key levels, again we're not in catastrophe scenarios at all, a nice bounce off the $25.5k level and bulls will target $25.9k as next resistance:
And AMEX:HYG levels also looking healthy, above 74.3 support with 75.3 as overhead resistance.
Secondly in the neutral outcome we find a new range in OKX:PEPEUSDT bouncing between 0.000000950 and 0.00000108. A perfectly acceptable outcome for active traders as this offers a nice 10% intra day range.
Thirdly in the OKX:PEPEUSDT bull case we need to see a breakthrough in CRYPTOCAP:BTC above $25.9k level and a move towards its next major resistance level now at $27k.
MDT: THE BREAKOUT TO $0,13MDT is since last time active on more known exchanges, and depending on last trends in Hongkong seems the coin to become again interesting.
We expect that this coin have a trend increase in the coming time which will let the coin break.
Our high target expected for this coin is $0,13
The important trend target for the short term is $0,079
We will keep an eye on this coin since we expect this coin to have a good chance to breakout.
Sorry its been a minute, Happy Sunday, Pepe drop on the way..I hope everyone has been well, update on Pepe, 15 min timeframe, all of the lines are my measured moves, I expect Pepe to continue its decent to the downside, I stop counting after 15 layers of confluence and typically my T.A is anywhere from 3 days to a week out, Happy trading, my take profit is 0.000000878888
PEPE like DOGE?Hello friends, when asked how I see it with PEPE, I would compare it to the similarity with DOGE, on pepe I put important trend lines for me and attached a long-term chart of dogecoin on it... make the picture yourself, I don't have any special one on pepe now opinion and we are not even overly bullish on the crypto situation.
Overall, however, another big increase is expected for PEPE, in fact, when PEPE passes above the tredline, which is resistance, and rebounds from the lower trendline.. then I will open a long position.
PEPE next move, Come on Bulls The main resistance is broken and retested as support which is 0.00095, so indicating bulls are taking over
however, the trend line still remains and is very important for a 4hr candlestick /2hr close above and a retest of the trend line before we can have an entry.
I will be waiting for the breakout and retest before taking a long with sl at 0.00095
Will update you all later.
For more updates follow me and check out my previous ideas
Feel free to comment with your opinions about the idea
If you have any pair you want me to analyze indicate in the comment section
Remeber news only drives what chart already indicates
Flash Crash or Bear Trap? (Bitcoin)The fact we are so close the Big Fib time date end of June 2023 and I still can't confirm which way this is going to swing is frustrating.
Last year it was so clear coming up to the fib date , this year price could swing either way.
For me there is two ways this is going to play out next 30-45days
1. We Flash crash down to retest the cycle low at 15k every cycle we create a double bottom , right now we keep be forming this crashing pattern that will take us back down to 15.5k.
As you can see it is a very distinct pattern it can appear in any timeframe , the higher the timeframe the longer it takes for the pattern to form .
There crashing patterns form everywhere not just Bitcoin.
So if it did flash crash then it would look very similar to 2015.
2.
Now the second outcome here is a massive bear trap and a massive move up to 40k end of June 2023.
Check this out.
We bounced massively off this moving average last time creating a huge bear trap. If it is going hold and reverse this is it , once we close under this moving average its over.
SPX500 bump and run reversal pattern still not reached its technical target .
We could still see a melt up in June 2023 for the SPX which would give a higher chance that Bitcoin hits 40k aswell.
So as you can see how things can swing each way , we break the yellow triangle and close above it for Bitcoin we go up or we continue making lower lows we will complete the crashing structure , guess we just have to wait.
PEPE (technical idea) more correction to the downside ❌🧨Hello 🐋
the price now again stick in the parallel channel, we expect to see sharp red candlesticks to the downside
besides
the range market is acceptable scenario too 📖💡
if
we lose our support level, we will see more correction ❌🧨
and if
we lose our daily resistance here more gain is logical 💣🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
PEPE/USDT 81% Down From All Time High Within 38 DaysPEPE Coin: From $100 to $1M for Early Investors, But 81% All-Time High Plunge Leaves Many at Loss
Investors in PEPE, a highly hyped cryptocurrency, saw remarkable returns with some converting a mere $100 investment into $1 million prior to its listing on exchanges. However, the subsequent plunge in its all-time high, reached on May 5th, 2023, has led to an 81% decrease within just 38 days. As a result, those who invested $10,000 at the peak are now left with a value of only $1,890, indicating significant losses. With approximately 95% of investors currently facing a loss, caution is advised when dealing with excessively hyped coins.
Early Investor Success Stories:
Many early investors in PEPE experienced unprecedented gains, turning their initial $100 investments into remarkable sums of $1 million before the coin was listed on exchanges. These individuals likely benefited from being involved in the project at an early stage or having insider knowledge. Such success stories attracted attention and fueled the hype surrounding the coin's potential.
81% Drop from All-Time High:
Despite the initial success, the value of PEPE experienced a sharp decline. The coin's all-time high, achieved on May 5th, 2023, has since plummeted by 81% within a span of just 38 days. This rapid decrease in value has caught many investors off guard and led to substantial losses for those who bought in near the peak.
Investors at a Loss:
Investors who entered the PEPE market during its peak are now facing significant losses. For example, individuals who invested $10,000 at the top of the market are currently left with a value of only $1,890. This substantial loss highlights the risks associated with investing in highly volatile and hyped coins.
Cautionary Advice and Lessons Learned:
The recent performance of PEPE serves as a cautionary tale for investors. The significant drop in value and the majority of investors experiencing losses underscore the importance of exercising caution when dealing with excessively hyped coins. Thorough research, understanding the fundamentals of the project, and carefully considering the risks are crucial steps to avoid potential financial setbacks.
BXX : PRICE PREDICTION 2024 $1.10BXX, the interest-free secured lending that can become a trend, has the potential to become a significant trend in the near future. This coin exhibits intriguing characteristics in terms of data structure, and based on our predictions, it could reach a market capitalization of over 20 million dollars by 2024.
One notable aspect to consider is the growth of exchanges. This coin has the potential to experience an upward trend as it gains traction among various exchanges.
From a technical perspective, the current trading volume appears to be relatively low. However, this update aims to provide long-term protection, and we anticipate that over time, the coin will attract more attention and generate increased interest.
Regarding targets, the projected price range for this coin is expected to be between $0.80 and $1.10.
At this moment the coin is listed at the MEXC exchange and BILAXY.
This is a price prediction that suggests a strong likelihood of a market cap increase for this coin. However, it's important to note that managing risk is crucial since there are no guarantees in the market. Additionally, this is a spot long-term idea, meaning it anticipates sustained growth over an extended period.
Let's see soon how far this coin did go.
BXX : THE NEXT WHALE PUMP COIN of 1000%We did share before an update about BXX.
BXX has a high possibility to be the next coin where the whales will breakout it with 1000%.
This price action depends on the structure volume of this coin.
At this moment the coin has a low volume range, and it can take some time before the whales can pump it.
Depending on the match of 500 coins we did select this coin as a possibility where whales can breakout it in the coming time.
Remember that trading has no guarantee and that this idea is a possibility of what can happen with this coin.
Strong BULL coming $PEPEThis is my last call for the BUY zone on $PEPE/USDT.
1. Falling wedge most likely will be breaking above soon.
2. 4H timeframe identifies a very strong bullish divergence. (if you check previous divergences, $PEPECOIN is always reflected on them!)
3. We have a very strong support zone!
4. rumors about Robinhood are very strong than ever!
P.S Be greedy when others are afraid, and be afraid when others are greedy!
P.s.s All this SEC lawsuits are just to make people afraid and let them buy cheap, countries like China and Russian are getting into Crypto, do you really think USA will ban crypto overall? If yes, then you just leave this space and continue 9-6 work. :)))
P.s.s.s If somehow my analysis is incorrect about $PEPE/USDT, this will be my last publishing.