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Pepeanalysis

PEPEUSDT.1DThe PEPE/USDT daily chart shows a cryptocurrency that has been consolidating recently, with the price oscillating around the R1 level at 0.00000809. Currently, it's trading slightly below this resistance level. The RSI is at 52.11, which is just above the midpoint of 50, indicating a neutral to slightly bullish sentiment. However, the RSI is trending downward, so caution is warranted. The MACD is right around the baseline with a very slight bearish bias, as indicated by the negative histogram. The support level S1 at 0.00000387 represents a critical point for traders to watch. If the price sustains above this level, it might indicate stability and potential for an upside breakout above R1. If the price breaks below S1, it could signal a bearish continuation. For the bullish scenario to gain credibility, we'd need to see a strong move above R1, accompanied by an upward RSI trajectory and a bullish crossover in the MACD. As always, it's important to look for confirmation from other indicators and to stay updated on news that could affect market sentiment.
Long
by MarsSignals
🐸PEPE🐸 is Ready to Pump🚀➕70%_100%🚀🐸 PEPE token , which was once in the shadow of other famous meme coins in the market, has now become the leading meme coin in the market with its growth of about 136% in the last week . 🐸However, the resurgence of the cryptocurrency market is not the only reason for the significant growth of PEPE, and the role of the X social network , where more than 53,000 posts about this token have been published in the past few days and has become a platform for discussions and recommendations for investing in PEPE. 🚀PEPE is looking to create a New All-Time High(ATH) after breaking the 🟢 Support zone 🟢. 🌊According to Elliott's wave theory , PEPE seems to have completed the main wave 3 and is currently completing the main wave 4 . 🌊 Wave 4 can end near the Support line , and if this happens, we can expect PEPE to have a stronger wave 5 . Otherwise, wave 4 can probably end at 38.2% Fibonacci . 📈In terms of Classical Technical Analysis , PEPE has formed an Inverse Head and Shoulders Pattern , and the 🎯 Target of this pattern 🎯 can be one of the Targets of the end of wave 5 . 🔔I expect PEPE to make a New All-Time High(ATH) after the completion of wave 4 and possibly rise to at least 🟡 Potential Reversal Zone(PRZ) 🟡. ❗️⚠️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.
Long
by pejman_zwin
45