PEPE → Potential Rebound at Key Support Zonehello guys.
Descending Resistance Line: The price broke above a long-standing descending resistance line but is now retesting this line, which could act as support.
Support Zone ($0.00000077 - $0.00000074): The price is approaching a strong support area highlighted in the chart, which has been previously tested multiple times. If the price reaches this zone, a potential rebound is expected.
Bearish Retest and Pullback: There's a bearish pullback after a recent rally, with the possibility of retesting the resistance line or lower support levels before any significant upward movement.
Bullish Scenario: Should the price successfully bounce off the support zone, a strong recovery is anticipated, with a potential upward move towards $0.00000110 or higher, as illustrated on the chart.
RSI Indicator: The RSI is in the lower range, suggesting the asset is nearing oversold territory, which might contribute to a reversal in the coming sessions.
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PEPEUSDT
Crypto in October is "UPTOBER" by OfficialPapaRicoThere was an imbalance on the 4-hour chart that also bounced right off the 61% level. This is a long-term trade and will hopefully break new highs within the next 6 months to 4 years.
This is not financial advice but I would highly invest in buying crypto and storing it in a cold wallet. CryptoBubbles.net is also a great platform to see the top 1000 coins to invest in. This is a great time to invest in at least 10 different coins.
Good luck guys and see you next year in 2025
- OfficialPapaRico
- October 6, 2024
PEPE/USDT pair on Binance (1-hour timeframe) TA+TRADE PLAN BY BFPEPE/USDT pair on Binance (1-hour timeframe) Technical Analysis + TRADE PLAN by Blaž Fabjan
Chart Pattern: Falling Wedge
The falling wedge pattern is identified, which is typically a bullish reversal pattern. As the price converges downward, it indicates a potential breakout to the upside.
The pattern suggests that there might be a bullish move coming once the price breaks out of the wedge. The breakout has either happened or is about to happen as per the drawing.
Key Support and Resistance Levels:
Support Levels:
$0.00000066: This is a key support level, likely the bottom of the falling wedge pattern.
$0.00000070 and $0.00000076: Potential areas of support if the price retraces after the breakout.
Resistance Levels:
$0.000000807, $0.000000886, and $0.000000986: These are key resistance levels. Once the price breaks out of the falling wedge, it will likely face resistance at these levels.
$0.000001084 and $0.000001235: The upper resistance targets if the price momentum continues.
Indicators:
RSI (Relative Strength Index):
RSI is around 56, indicating that the market is in a neutral to bullish territory. If RSI increases above 70, it may indicate overbought conditions.
Stochastic Oscillator:
Stochastic Oscillator is around 85, indicating overbought conditions. However, during a breakout scenario, this might suggest strong momentum.
Volume:
There is a slight increase in volume, which is often seen during breakouts from chart patterns like falling wedges.
VMC Cipher B Indicator:
This indicator shows momentum and potential divergence. The convergence of the lines could indicate a bullish reversal.
Hull Moving Average (HMA) Histogram:
The HMA histogram shows a slight bullish divergence, supporting the case for a bullish breakout.
Trading Plan
Entry:
Enter the trade after a confirmed breakout from the falling wedge pattern, preferably on a candle close above $0.000000807 (the first key resistance level). Confirmation can also be supported by an increase in volume or further confirmation from RSI moving upward.
Stop Loss:
Place a stop-loss below the most recent support, around $0.00000070, to minimize risk in case the breakout fails or the price retraces back into the wedge.
Take Profit Levels:
First Target (TP1): $0.000000886 (next resistance level).
Second Target (TP2): $0.000000986 (another resistance level where the price may slow down).
Third Target (TP3): $0.000001084 (for more aggressive traders aiming for a larger move).
If you are highly confident in the bullish move, you can target $0.000001235, but ensure to trail your stop-loss once the price reaches the first target to lock in some profit.
Risk Management:
Risk-to-reward ratio should ideally be 2:1 or better.
Use 1-2% of your trading capital on this trade to manage risk effectively.
Monitor RSI and Stochastic Oscillator closely, as both are nearing overbought zones. If these indicators show divergence (i.e., price rising but RSI declining), be cautious of a false breakout.
Watch for any sudden shifts in volume; if volume drops after the breakout, it could indicate weakening momentum.
In case the price drops back into the wedge pattern or below support, consider exiting the trade to avoid further losses.
This trading plan aims to capitalize on the bullish breakout of the falling wedge pattern, but always ensure to use proper risk management.
PEPE forecast price🐸 1000PEPEUSDT.P Technical Analysis:
We’re currently at a critical support level around 0.0088004 📉. If price stabilizes below this area, expect further drops to the 0.0076411 zone, marking a potential 13.04% decline 📉.
However, there's a descending trendline ⤵️ pressing the price down. A break above this line would be a sign of reversal 🔄, targeting the first resistance at 0.0095467 💥. If the price holds above this point, it could trigger a bullish move towards higher resistances at 0.010237 (a 10.74% increase) and then to 0.0118714 (a 19.64% increase) 📈.
Key strategy: Watch for volume spikes 📊 and wait for a clean breakout above the descending trendline for a potential buying opportunity 🚀. If support breaks, prepare for deeper pullbacks ⬇️.
Stay sharp and manage your risks properly! 🛡️"
#PEPE arrives at the buying area📊#PEPE arrives at the buying area ✔️
🧠From a structural perspective, the objectives of the bearish head and shoulders structure we constructed near the resistance zone have all been achieved, so we need to be wary of the risk of a rebound. If we can build a synchronic bull structure in the buy zone, it means that there is no possibility of further correction.
🤜If you like my analysis, please like 💖and share it💬
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BINANCE:1000PEPEUSDT.P
PEPEUSDT: Ready to Rocket! As the meme coin craze takes over, PEPEUSDT is making waves! It has recently broken its trendline and bounced off a strong support level, setting the stage for a powerful upward movement. With the momentum building, now is the time to watch for a significant price jump. Don’t forget to manage your risk while riding this thrilling wave!
PEPEUSDT Currently trading at $0.0108
Buy level: Above $0.0098
Stop loss: Below $0.0077
TP1: $0.012
TP2: $0.015
TP3: $0.02
TP4: $0.03
Max Leverage 3x
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17 Years Experienced Trader Talks About PEPE Hey guys , MartyBoots here I have been trading for 17 years and sharing my thoughts on PEPE
PEPE is BNBs mini me or its little brother (for now at least )
It looks strong and should move well
Watch for more info and hit me up if u need help or have any questions
PEPE ANALYSIS (update)🔮 #PEPE Analysis - Update 🚀🚀
💲 As we said earlier #PEPE performed the same. More than 48% move already done in #PEPE. Now we can see a little retest towards it's major support zone and after that a bullish move would be seen
💸Current Price -- $0.00001109
📈Target Price -- $0.00001670
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#PEPE #Cryptocurrency #Breakout #DYOR
PEPE price prediction: is a 40% October rally on the horizon?Pepe (PEPE) bulls have really showed up since the second week of September. The memecoin is now on track to conclude the month in the green. But can it sustain the current momentum and what can we expect in October?
PEPE has been on an overall downtrend since May. The bearish momentum bottomed out within the $0.00000897 price range on multiple occasions. As a consequence, price has been leveling out at that range, followed by some bullish momentum.
Fibonacci retracement puts PEPE’s next major price target between $0.00001153 and $0.00001287. This is based on its current 5-month lows and 5-month highs.
This means PEPE could rally for another 26% on the lower price target and over 40% on the higher target.
PEPE addresses by time held may support the short-term prediction. The number of addresses holding PEPE for over 1 year has been rising since April. This confirms that most buyers (almost 85,000 addresses) who purchased the memecoin over a year ago are still holding.
As far as PEPE’s long-term price prediction is concerned, the memecoin could retest its previous ATH of $0.000017 sometime in the coming months, likely in 2025.
However, the likelihood of this happening depends on whether the bulls will make a strong comeback and deliver a major rally as per expectations. The latest recovery is in line with the shift in market sentiment in favor of the bulls this month.
1D PEPEUSDT Potential Sell ZoneOn the daily chart for BINANCE:PEPEUSDT , there's a clear double top formation around the 0.00957 level, signaling potential exhaustion of the upward momentum. The price has tested this resistance area twice, failing to break higher, which suggests a reversal could be on the horizon.
The supply zone around 0.00957 coincides with a key monthly high, creating a strong ceiling for the price. If this resistance holds, I’m expecting a drop towards the demand zone at TP1: 0.008053 and potentially further down to TP2: 0.006967.
Entry Point: 0.0095708
TP1: 0.008053
TP2: 0.006967
Stop Loss: 0.010034
The double top pattern, combined with the overbought conditions on the RSI, indicates that bearish momentum could soon take over. The market might primed for a correction after failing to break the supply zone.
I’ll be closely watching for price rejection in the supply zone and a continuation of the downtrend towards TP1 and TP2. If momentum slows at TP1, I'll take partial profits; otherwise, I’ll hold for a deeper retracement into TP2.
Always trade at your own risk with a money you can lose.
Pepe’s rally not over: here's whyDespite a challenging month with a 5.77% drawdown, Pepe (PEPE) recent performance shows promising signs of recovery, with a 16.11% increase on its weekly chart. Further bullish indicators suggest continued upward momentum.
At press time, the coin was trading within a symmetrical triangle, characterized by converging upper and lower lines that serve as resistance and support zones, respectively.
PEPE recently rallied from a significant horizontal support level at 0.00000701, ascending to the upper resistance of the triangle pattern at 0.00000876. This resistance line also aligns with another key resistance level, emphasizing the strength of the barrier.
While symmetrical triangles typically indicate potential bullish outcomes, a breakthrough above the upper resistance line is essential. Successfully breaching this level could propel the memecoin to its 2024 high of 0.00001725 or to a mid-level target of 0.00001307.
Should PEPE fail to overcome this resistance, it is likely to retreat to the horizontal support line at 0.00000701 or the lower boundary of the triangle, as it seeks to build momentum for another rally attempt.
Moreover, Open Interest, a key indicator that measures trader enthusiasm in the market, has seen a notable increase. It surged from $95.68 million on 23rd September to $114.39 million by 25th September, reflecting heightened trader interest in the memecoin.
pepe → a position to get longhello guys.
pepe and lots more coins are bullish so much!
I am looking for an area to get the long position!
in this coin seems the yellow area is great to get the long position!
let's see if the price will do a pullback!
target:0.00000869
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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
Looks Like We Have Long Scenario on PEPEBINANCE:PEPEUSDT
CRYPTO:PEPEUSD
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow box
⚡️TP:
0.00000803
0.00000816
0.00000833
0.00000850
🔴SL:
0.00000768
0.00000753
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
PEPE Long Spot Position (EMA Support Retest)Market Context: PEPE is currently finding support at the 21 and 200 daily EMAs. A close above the 200 EMA would serve as confirmation for entry.
Trade Setup:
Entry: Long spot position at $0.0000082.
Take Profit:
First target: $0.00000970
Second target: $0.000011
Third target: $0.0000125
Stop Loss: $0.0000075 (daily close)
⚡ This setup aims to leverage EMA support for a high-probability trade.
#PEPE #Crypto #EMAs
PEPE/USDT: Promising SetupCurrently, PEPE/USDT is trading within a symmetrical triangle pattern, a classic indicator of potential price consolidation before a breakout. A bullish move is expected in the coming days, particularly if the price breaks above the key horizontal resistance level. Watch for increased volume and momentum as confirmation of this upward shift.
As always, this is not financial advice—be sure to do your own research!
PEPE/USDT technical analysis and trading plan by Blaž FabjanPEPE/USDT trading pair, here's a breakdown of the technical analysis and trading plan by Blaž Fabjan:
Symmetrical Triangle Formation:
There is a symmetrical triangle pattern highlighted. This is typically a continuation pattern that signals a breakout, either upward or downward, depending on which side breaks first.
Currently, the price is consolidating near the end of the triangle. A breakout is expected soon.
Support and Resistance Levels:
Immediate support: $0.000000807 (marked by a blue horizontal line). This is a key level to watch; if it breaks below, the price may retest lower support zones.
Next support: $0.000000766.
Key resistance: $0.000000886. This level represents a potential target for an upward breakout from the symmetrical triangle.
Higher resistance: $0.000000986, should the price breach the first resistance level.
Volume:
The volume bars are relatively lower in recent periods, but the volume could increase when a breakout occurs. Pay attention to a spike in volume confirming a breakout direction.
VMC Cipher-B Indicator:
The VMC Cipher indicator shows a bit of sideways movement in the momentum, with no strong divergences visible. Keep an eye on this to spot potential bullish or bearish divergence.
RSI (Relative Strength Index):
RSI is around 51.88, which indicates a neutral market. There’s no overbought or oversold signal, but the RSI may rise if there’s an upward breakout from the symmetrical triangle.
Stochastic RSI:
The Stochastic RSI is at 46.67, which is close to neutral but leaning slightly toward a potential upward crossover. This could indicate buying pressure may soon increase.
Potential Trading Plan:
Bullish Scenario (Breakout Upwards):
Entry point: If the price breaks above the symmetrical triangle resistance line and holds above $0.000000886 with increased volume.
Target: First target can be around $0.000000986. If strong momentum continues, higher targets may be set at key psychological resistance levels.
Stop-loss: Place a stop-loss just below the triangle support level, ideally around $0.000000807.
Bearish Scenario (Breakout Downwards):
Entry point: If the price breaks below the symmetrical triangle and the $0.000000807 support level with high volume.
Target: First target would be $0.000000766 and further down to $0.000000666 if the bearish momentum persists.
Stop-loss: Place a stop-loss above the resistance level of the symmetrical triangle, around $0.000000850.
Neutral/Consolidation Scenario:
If the price continues to move sideways and no clear breakout occurs, it’s best to wait and observe how the market reacts at these key levels.
Summary:
Watch for a breakout from the symmetrical triangle. A move above $0.000000886 with strong volume will likely result in a bullish continuation, while a breakdown below $0.000000807 signals bearish action. Keep an eye on the RSI and volume indicators to confirm momentum.
PEPE / USDT TECHNICAL ANAYLSIS ON 4H TIMEFRAME BINANCE CHARTRising Wedge Formation:
The chart shows a rising wedge pattern, which is typically considered a bearish pattern. This pattern suggests that while the price is moving upwards, the movement is becoming more constrained and might lead to a breakout to the downside once the wedge reaches a critical point.
Support and Resistance Levels:
Support Levels: Around 0.000000583 USDT, which aligns with the lower trend line of the wedge. This level could act as a potential bounce zone.
Resistance Levels: The price is facing potential resistance at 0.000000886 USDT and further upwards near 0.000000986 USDT.
Volume Analysis:
The volume appears to be declining as the price moves within the wedge. Lower volume during a rising wedge can be a warning of an impending reversal or consolidation phase.
Indicators (RSI, Stochastic, VMC):
RSI (Relative Strength Index): Sitting near 42.72, indicating that the price is not in overbought or oversold conditions but is leaning towards a bearish bias.
Stochastic RSI: Shows a reversal from the oversold territory, indicating a potential short-term bounce or consolidation.
VMC (Market Cipher-like indicator): Shows multiple divergences, suggesting some conflicting signals but likely a continuation of the downward pressure in the short term.
Prognosis for PEPE/USDT:
Short Term: The price may test the lower bound of the wedge (around 0.000000583 USDT), as the wedge structure and other indicators suggest potential downward pressure. A short-term bounce from this support is possible given the Stochastic RSI showing oversold conditions.
Medium Term: If the price breaks the lower trend line of the wedge, it may fall towards 0.000000583 USDT or lower, confirming the bearish wedge pattern. If the price holds above this, it could consolidate and make another attempt to push upwards to 0.000000886 USDT or even higher towards 0.000000986 USDT.
Bullish Scenario: If buying pressure increases and the price breaks above the upper resistance (around 0.000000886 USDT), the next target would be 0.000000986 USDT, which could trigger a more significant uptrend, invalidating the wedge pattern.
Bearish Scenario: A confirmed breakdown from the wedge could lead the price toward the 0.000000583 USDT level, with a possible deeper correction if this level doesn't hold.
PEPE - Emerging from the ShadowsAfter the initial reaction at 0.00000650, I expect the price to move directly to the range high or at least reach 0.00000890. CRYPTOCAP:PEPE
Although the optimal entry point was at the wick retest, this scenario remains valid.
Keeping simple after the Monthly Reclaim...
PEPE: Consolidation Around Key LevelsPEPE is consolidating around $0.00000777, following its rejection near $0.00000806. The price is caught between the upper Bollinger Band ($0.00000798) and the lower band ($0.00000769), indicating a period of low volatility but also potential for a breakout. Recent whale activity, including the movement of 4 trillion PEPE tokens, could provide the bullish momentum needed to break above this range.
Bollinger Bands: Tighter Range
PEPE’s Bollinger Bands are showing a tight range, signaling a potential breakout. The upper band ($0.00000798) is serving as immediate resistance, while the lower band ($0.00000769) acts as short-term support.
RSI and Stochastic: Neutral Bias
The RSI at 53.79 and Stochastic %K at 37.04 suggest neutral conditions, with neither side dominating the market. The RSI-based moving average is slightly higher at 56.46, suggesting there’s room for an upward move if buying pressure increases.
MACD and OBV: Balanced but with Strong Volume
The MACD remains flat, indicating a lack of strong momentum, while the OBV at 251.085T shows that volume remains high, driven by both retail and whale activity.
Support and Resistance Levels
Immediate Support: $0.00000769 (Lower BB)
Immediate Resistance: $0.00000798 (Upper BB)
Major Resistance: $0.00000839 (50-day EMA)
Actionable Outlook: Prepare for Breakout or Retest
Bullish Scenario:
If PEPE breaks above $0.00000798, expect a push toward $0.00000839 or higher, potentially triggering short liquidations and accelerating the rally, as whale activity indicates confidence in an upward move.
Bearish Scenario:
If $0.00000769 fails as support, look for a retest of lower support levels around $0.00000740, as the market might turn bearish without fresh buying pressure.
Action Point:
Traders should set tight stop-losses and watch for breakouts above resistance to ride potential bullish momentum. Conversely, be ready to exit or short if the price breaks below $0.00000769, signaling a move lower.