PEPE: Pullback in UptrendTrade setup : Price is in an Uptrend. Following a bullish breakout from Channel Up, price reached resistance at $0.000017, where it got rejected. Now we look for the right entry opportunity in Uptrend. Pull back near $0.000013 support could be a swing trade entry opportunity in Uptrend with +30% upside potential back to $0.000017. Stop Loss at $0.0000110. If price breaks above it's ATH of $0.0000173, the next possible resistance levels (price targets) based on Fibonacci Extensions are: $0.0000184 (61.80%), $0.0000200 (78.60%), $0.0000215 (100%) and $0.0000266 (161.80%).
Pattern : Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3.
Trend : Short-term trend is Up, Medium-term trend is Strong Up and Long-term trend is Strong Up.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.000012, then $0.0000092. Nearest Resistance Zone is $0.000015, then $0.0000164.
Pepeusd
$PEPE WARNING! Trade analysis and (c) infringement liabilityAfter a successful trade idea with CRYPTOCAP:PEPE , I am updating my trading strategy with this new idea. This chart explains two things:
1) A retracement to the resistance level: Since we have reached the top of the rising channel, it would be logical for some people to take profit.
2) The potential copyright infringement liability and the possible consequences for the meme coin CRYPTOCAP:PEPE :
This is a real liability for this coin and the reason why I would not hold it for more than a week.
When you are investing, you want to avoid losing all your money. Buying CRYPTOCAP:BTC is safe; it will not go to zero. But some cryptocurrencies will, and if you compare with 2021, many billion-dollar projects are now worth nothing.
To avoid losing everything, you have to avoid any coin that has a liability that could drive it down to zero, lead to a delisting, or result in a lawsuit.
What do we know so far?
Pepe the Frog is a cartoon character created by artist Matt Furie.
The CRYPTOCAP:PEPE website is clear that CRYPTOCAP:PEPE was launched without the consent of its copyright holder.
Matt Furie has already filed a DMCA claim against a $4 million Pepe-themed NFT collection on OpenSea, indicating he is not open to making his character public domain.
One year ago, DailyCoin posted an article warning investors that "Pepe’s creator Matt Furie is not a fan of his character’s use in blockchain-based projects. The artist has used his copyright to go after Pepe-themed projects before."
So what can we conclude from that?
A copyright issue is pending with the CRYPTOCAP:PEPE coin, which is a huge liability.
Matt Furie could request the delisting of CRYPTOCAP:PEPE from all exchanges at any time, which would wreck any holder's investment to zero.
CRYPTOCAP:PEPE is an obvious copyright infringement case. Although it is impossible to identify the author of the copyright infringement since they are anonymous, trading, listing, and marketing the coin is illegal.
It would be easy to prove the copyright infringement, win, and then seek compensation from the exchanges. So why not doing it?
It is impossible to solve the issue by giving a percentage of the CRYPTOCAP:PEPE supply to its original author, since it was a fair launch and all the CRYPTOCAP:PEPE coins have been unlocked.
While it is certain that with such success and capitalization, the matter will likely be resolved with huge fines, this will also create real FUD and may force exchanges to stop trading until the lawsuit is resolved, which could take a lot of time.
Conclusion: CRYPTOCAP:PEPE is a liability similar to $LUNA. It can be delisted or halted with just a notice from its author to all major exchanges. Trade with caution. Maybe it is not worth the risk? There are other meme coins that have similar growth potential but are not illegal.
PEPE : All Time High STILL COMING! Here's WhyBINANCE:PEPEUSDT 🐸
I've been advocating for Elliot Wave patterns this cycle since I spotted similar fractals across crypto charts. I've been following fractals on SOL, DOGE and BTC - and they have all been extremely reliable thus far.
Assuming that corrective wave 3 - 4 (current wave) retraces as low as point 1 (BUT NOT LOWER), this put's our formula roughly as follows:
It's important to note that Elliot Wave theory follows strict rules, and it's usually a multi-month playout. This means that there might be many weekly candles before finally turning around to complete the final wave 4 - 5.
For a SHORT TERM analysis on PEPE, see here👇:
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PEPE: Pullback in UptrendTrade setup : Price is in an Uptrend. Following a bullish breakout from Channel Up, price reached resistance at $0.000017, where it got rejected. Now we look for the right entry opportunity in Uptrend.
We wait for price to either 1) break above $0.000017 to signal continuation of uptrend, or 2) pull back near $0.000013 support for another swing trade entry in Uptrend with +30% upside potential back to $0.000017. If price breaks above it's ATH of $0.0000173, the next possible resistance levels (price targets) based on Fibonacci Extensions are: $0.0000184 (61.80%), $0.0000198 (78.60%), $0.0000215 (100%) and $0.0000266 (161.80%).
Pattern : Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3.
Trend : Short-term trend is Up, Medium-term trend is Strong Up and Long-term trend is Strong Up.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.000012, then $0.0000092. Nearest Resistance Zone is $0.000015, then $0.0000164.
LONG CONSOLIDATION AHEAD FOR PEPEAs you can see we might facing a long consolidation for PEPE, this is needed to shake weak hands and reward the brave one. I would like this scenario for me to accumulate more of this volatile gem. If you believe in this project then DCA is the key. In My Own Opinion, this is very different from Safemoon. Warning, this is not for the weak hands. This is not financial advise and invest only what you can afford to lose.
PEPE can rise another +200% from here.Pepe (PEPEUSD) completed an extremely strong 1D green candle last week, the strongest in fact since February 26 2024. The 1D RSI turned wildly overbought but as long as the 1D MA100 (red trend-line) supports, we expect this raly to continue all the way to the top of the Channel Up (Higher Highs trend-line).
Our Target is for this Bullish Leg to complete a +1136% increase (0.000050) just like the wave that topped on March 11.
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Bullish MomentumThe ascending channel clearly defines both support and resistance levels. The lower band of the channel acts as dynamic support, while the upper band serves as resistance. Recently, the price has tested the lower boundary of the channel, suggesting strong support around the 0.00001560 level. The RSI is currently near the midline (50 level), testing its moving average. If the RSI bounces off the MA, it could indicate a potential bullish push back up.
Probable Scenario
The market sentiment remains cautiously bullish as long as the price stays within the ascending channel. The price dynamics suggest:
Bullish Scenario: If the price holds above the lower band of the channel and the RSI rebounds from its MA, a bullish continuation towards the upper resistance of the channel is likely.
Bearish Scenario: A break below the lower band of the channel would shift focus to the next key support level around 0.00001500, which could halt further declines.
Outlook
- Most Probable Scenario: Given the current position within the ascending channel and the interaction between RSI and its MA, a bullish continuation towards the upper channel band is likely, as long as the price sustains above the dynamic support.
- Key Levels to Watch:
- Support: 0.00001560 (immediate), 0.00001500 (key)
- Resistance: Upper channel band around 0.00001650 (immediate)
PEPE long term Target 🎯Pls #dyor and support follow idea 💡 to get updates 🙂
Red lines accumulation zone 📌
Green 💚 lines 📍 target's 🎯
I am expecting only 20-25x move not 100x to 200x
Yes 🙌 i provided in chart 📈 based on if COINBASE:SHIBUSD market cap enter 60B then possibility i am saying but based time interval if any fast response of pump 📌 we are going 100x above
But make ur mind 🧠 with minimum target 🙂
In my opinion 10x>>15x>>20x>>25x
Later I work on chart 📉 i will update
Once check ✅ my old analysis that's my target 😅 it's new idea 💡 for old idea replacement
Check in tagged idea 💡
🧵👉
PEPE price still has the strength to do Xs ?)Our last year's target for the PEPE price is still relevant $0.0000146-0.0000157
The only question is: will this growth be right now or after a -50% price correction?
We are ready to enter the discussion in the comments
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$PEPE short term trading planFollowing my previous long term trading plan and after we hit all the target, I am publishing a short-term plan. It is clear that trading CRYPTOCAP:PEPE from here will not be a straight line to the moon, so let's prepare to buy and sell when necessary.
Bear in mind that:
- CRYPTOCAP:PEPE is a new coin, making it difficult to chart due to its limited history.
- CRYPTOCAP:BTC can significantly impact this strategy. CRYPTOCAP:PEPE , like other altcoins, is very sensitive to CRYPTOCAP:BTC 's movements.
- I am overall very bullish on CRYPTOCAP:PEPE in the long term; it is a solid coin to hold.
Here are my concerns:
- After a huge pump, there is usually a correction. CRYPTOCAP:BTC is not going to $100k without some hesitation, so many factors could slow down CRYPTOCAP:PEPE 's momentum.
- There is a solid resistance area between 1076 and 1176. We can and will likely be rejected from here.
- The Stochastic RSI on the daily chart is showing signs of a crossover, which could negatively impact CRYPTOCAP:PEPE for a week.
Here are the positives:
- The MACD on the weekly and daily charts is open and growing, which will push CRYPTOCAP:PEPE up compared to other coins for the next month or two.
- CRYPTOCAP:PEPE might be listed on Coinbase Spot, which would be a major catalyst for a price pump.
- CRYPTOCAP:PEPE is gaining widespread attention, and its fans are extremely active.
- CRYPTOCAP:PEPE 's trading volume is higher than Ethereum's, attracting a large number of whale traders.
I see 2 scenarios. They are labelled 1) and 2) on the chart!
This is an opinion, not a financial advice, I might be wrong, so DYOR. Do not use leverage.
since me post $PEPE breakout up ++++100%The recent breakout of CRYPTOCAP:PEPE has been nothing short of spectacular, with the token skyrocketing by over 100%. This impressive surge in value highlights the incredible momentum CRYPTOCAP:PEPE has gained in the market. As traders, recognizing the significance of such breakouts is crucial for maximizing profits.
In light of this breakout, it's an opportune moment to consider taking full profits. The rapid increase in price presents a prime chance to capitalize on the gains. While the excitement around CRYPTOCAP:PEPE is palpable, prudent trading involves securing profits when the market conditions are favorable.
For those holding CRYPTOCAP:PEPE , this surge serves as a reminder of the volatile nature of the crypto market. It's essential to remain vigilant and strategic in trading decisions. As always, ensuring a well-balanced portfolio and adhering to a defined risk management strategy are key to long-term success in crypto trading.
This idea is categorized under trend analysis, reflecting the importance of monitoring market movements and making informed decisions based on current trends. Let's ride the wave of CRYPTOCAP:PEPE 's success and lock in those profits!
PEPE/USDT Analysis: Bullish Breakout and Key Targets📌In this video, we dive into the latest price action of PEPE/USDT on Binance. We analyze a significant bullish breakout from the support level and identify key resistance zones. Learn how to leverage these insights for potential trading opportunities. Don't miss out on this in-depth technical analysis using TradingView!
📊PEPE/USDT Analysis: Bullish Breakout and Key Targets
PEPEUSDT: On the way to create a record high!Dear Traders,
PEPEUSDT has some extreme bullish behaviour due to that in our view this crypto is likely to continue its bullish momentum for long period. It would be ideal for someone who has been looking to swing buy this crypto. Good Luck.
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PEPE! Lilly pad to trampoline! PriceAction If you find this information inspiring/helpful, please consider a boost and follow!
Bounced off of level, now watching for it for clues on the next move.
Right now the impulse are up BOS style. So looking for continuation with the trend, but I will be ready if the trend turns.
So watching these IDM for now for clues of a retrace or slow down before the next move, but again right now the pattern is impulse up correction down.
...patterns change though.
PEPE breakout eyeing up to 50% gains!Last week CRYPTOCAP:PEPE broke out of an inverted head and shoulders formation and it seems to be correlated with mania surrounding $GME. We have since retraced much of the move to retest the pattern's neckline and so far it has held. Looking for price to move now to 0.000012-0.000014 in the short term, which would be up to 50% gain!
On the shorter timeframe its possible that price is within a descending channel of sorts. Price will start moving up quicker once we have broken that formation.
"New ceiling" or "end of wave 5"?Hello everyone, I hope you're doing well.
Here are several reasons why this upward wave could be wave 5, as I'll explain for clarity:
The most important reason is the completion of the 5th bullish Elliott wave and negative divergence on waves 5 and 3.
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Considering the deep correction within a chart pattern, the structure of wave 4 indicates it was indeed wave 4, and now PEPE is at the end of wave 5.
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Another factor contributing to this deep correction is excessive trend chasing.
Newcomers often flock to meme coins, expecting wave after wave of upward movement and rapid ATH (All-Time High) achievements with massive profits. Hence, the market corrects these individuals.
Another reason is the dominance of PEPE domains, which have reached their primary trend ceiling, and we may likely witness significant correction in Pepe from this point onwards.
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Please note that if the analysis is correct,
the structure of wave A will be very clever in a way that you should expect a temporary correction.
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PEPE, LillyPad going to hold? Elliott wave Price ActionIf you find this information inspiring/helpful, please consider a boost and follow!
CRYPTOCAP:PEPE following the path I laid out.
Not its at a discission area in my opinion.
If it can hold this level I am thinking it will give another bounce.
IF it breaks below the level I will be watching to see if the level plays again as resistance.
priceaction analysiswait
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