PEPEUSDT.P trade ideas
PEPE LongPepe has been in a 2 month range. Throughout the range I can see that there was market participants accumulating supply (check OBV).
I'm looking to play this breakout, stops set on 1x ATR. If it doesn't break, good, let it range more, and then we'll come back to the next time that it will breakout. Either-way if given that PEPE ranges for longer in a bull market, it will be good to catch the next breakout, since the longer the range the nastier the breakout.
There are a few other catylsts as well to push the price up (CB listing, etc.) I have not taken that into account and this is purely a price/technicals based entry.
PEPESimilar idea here to WIF, though it's slightly larger in market cap.
I believe there is more than enough room for multiple memes to run 100b.
For PEPE, 100b equates to a 16/17x return from here.
What's most interesting to me about PEPE is how similar it's shaping up to DOGE last cycle.
In April 2021, when DOGE market cap was 6 billion (same size as PEPE now), it's price was only .06, and then it ripped 13x in a matter of weeks.
I don't see why PEPE can't do something of that nature now.
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.
Trading Signal for PEPEUSDTDirection: Sell
Enter Price: 1.444E-05
Take Profit: 1.402E-05
Stop Loss: 1.518E-05
Justification:
This trading signal is generated using the EASY Quantum Ai strategy which analyzes multiple market indicators to predict currency pair movements. The decision to sell PEPEUSDT at the specified Enter Price of 1.444E-05 is based on a combination of factors:
1. **Market Trends:** The recent analysis shows a downward trend in the PEPEUSDT pair, indicating bearish momentum.
2. **Technical Indicators:** Key indicators such as Moving Averages, RSI, and MACD are showing signs of a potential downward movement.
3. **Volume Analysis:** Decreased volume in recent trading sessions suggests weakening buying pressure.
Setting the Take Profit at 1.402E-05 maximizes potential gains while the Stop Loss at 1.518E-05 minimizes risk exposure, ensuring a balanced risk-reward ratio. This signal aims to leverage anticipated price corrections within the current market dynamics.
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.
PEPE / roadmapHello everyone
As you know, Pepe has an old upward trend!!
As a result, in the BULLISH phase, the STOP-loss factor should always be considered
I have specified a low-risk and a high-risk growth target for you
It seems that if Pepe breaks the 1-hour uptrend line before these targets, SL the growth scenario is activated and there is a possibility of starting a new decline.