Pepe loses 17% in a week: what's next for the asset? | 12.06The last seven days have been tough for memecoins including Pepe (PEPE).
According to data from the chart, the price of the token is $0.000013. This represented a 15.92% decrease in the last seven days.
However, it does not seem like things would change for the better. One reason for this could be linked to PEPE’s increasing volume.
While PEPE’s volume increased, the price fell, indicating that the downtrend could get stronger. If this continues, the price of the token might tumble, and a target of $0.000020 could be possible.
As per the 4-hour chart, the 0.236 Fibonacci level was at $0.000010. This was a support level for PEPE, and indicates that the price might drop to the region.
This was also supported by the Moving Average Convergence Divergence (MACD). At the writing time, the MACD was positive.
But the 12 EMA (blue) and 26 EMA (orange) were in the negative region, implying that the momentum was not completely bullish.
However, if buying pressure increases, PEPE’s price could key into the $0.000014 resistance where the 0.618 golden ratio resided.
PEPEUSDT
$GROK Setting up nicely, bullish shitcoinTaking a look at $Grok chart seems very bullish
Number of holders almost doubling by the day and volume is insane.
This coin is memecoin for Twitter new Grok AI which will over take chatgpt
As we all seen whay happens with those coins, played this as it can be the next FWB:PEPE
pepe → a 350% profit opportunityhello guys...
let's analyze pepe...
I think pepe is bullish and it will touch the $0.000041 area! but why?
1- the price is forming a rising 3 drives pattern.
2- a predicted ascending channel.
3- an internal trendline formed.
so I believe the price will react to the blue area and then will touch the bottom line of the channel to go the target area ($0.000041)!
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✓✓✓ always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
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.
Fofar hi GUYS
id never like to invest in memecoins
but i trade them with MIN risk have have high reward
SO
WHY FOFAR
its last of them/boys club that involved pepe and bret
so I think its good meme coin for position trading
in chart we see up trend
good area that i mark with blue box
nice confirmation with big candle
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WHAT DO U THINK?
$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 (PEPE) price analysis | 7.06After rising to a new all-time high of $0.00001717 on May 27, the frog-themed meme coin is back on the move. It has in the last 24 hours, sustained a modest 2.7% increase to exchange at $0.00001475 toward the end of the European session on Thursday. Based on CoinGecko data, PEPE is climbing quickly to reclaim the all-time high as support while bulls look toward a breakout to $0.00002.
The four-hour chart reveals an ascending triangle pattern, which if validated can lead to a 15% move in the price of Pepe. This triangle has been forming as the token consolidate in the wake of the rally to the record high.
An ascending trend line affirms the strengthening bullish grip while the horizontal line or x-axis represents the resistance. Bulls have tried to break through this hurdle with no success.
Nonetheless, the triangle is still valid as long as the price is within its boundaries. Traders would be ready with buy orders slightly above the x-axis. Such a breakout should be accompanied by high volume. The 15% move will propel PEPE price to $0.0000178 and possibly create FOMO among investors wishing to jump onto the trend. This triangle can be the beginning of a larger rally above $0.00002.
Conversely, immense selling pressure could engulf Pepe if the ascending trend line weakens, paving the way to a breakdown. Two levels; $0.000014 and $0.000013 will come in handy and may stop the fall but traders cannot rule out an extended move to $0.00001 just yet.
WHITEBIT:PEPEUSDT
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 - Breakout or Fakeout ? $BINANCE:1000PEPE (1D CHART) Technical Analysis Update
PEPE is currently trading at $0.0081162 and showing overall bullish sentiment after the breakout, if this breakout hold then we have good chance a price pumping.
If this is a fakeout then the price can break the support zone and fall more.
Overall we are looking at solid breakout with potential a for a good long trade.
Entry level: $ 0.0081479
Stop Loss Level: $ 0.0074780
TakeProfit 1: $ 0.0096355
TakeProfit 2: $ 0.0119873
TakeProfit 3: $ 0.0158114
TakeProfit 4: $ 0.0210186
Max Leverage: 3x
Position Size: 1% of capital
Don't forget to keep stop loss.
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GreenCrypto
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.
PEPE Vs other memecoins previous ATHDear reader,
Im posting this observation to leave you speculating how much would we will reach with pepe this season. given that, i have put a line where would pepe's price would stand at DOGE and SHIB previous all time highs.
I believe we are still very early and i hope we can see a market cap similar to doge, we are still early.
BTCUSDT Short Position Setup (29 May)Hello my friends.
Bitcoin is in its resistance range and can enter correction.
The desired setup to enter the short position is specified
The loss limit of this position is 70,000 and the targets are as follows.
67300
66350
64650
63200
The position is against the trend, please follow the capital management