PEPEUST trade ideas
PEPE → The end of the correction may take us back to an uptrend BINANCE:PEPEUSDT - the meme coin is showing signs of a possible end to the correction and a return of price to the bullish trend continuation phase.
On the local timeframe, the price forms an exit beyond the resistance of the descending channel, characteristic of the correction against the background of the bullish trend. Against the background of bitcoin capitulation and the general mass of altcoins, the meme coin PEPE looks quite cheerful. The price can move into the phase of the 5th wave realization if the bulls can keep the defense above 0.0000114. The next boundary is the range resistance. The breakout of this area will be a green traffic light signal for the buyers, the potential of which could strengthen the price towards ATH
Resistance levels: 0.0000125
Support levels: 0.0000114, 0.00001084
I expect that the bulls will do their job and will soon be able to bring the price to the nearest resistance, where a fierce struggle for further space between buyers and sellers may take place.
Regards R. Linda!
Moving towards the targets of $0.000014 and $0.000015The mid-term descending channel of PEPE has broken, and a strong support level is found at $0.0000115. In previous analyses, we highlighted this area as crucial for observing price reactions. If the price holds this level during the pullback, it may likely move towards the targets of $0.000014 and $0.000015.
#PEPE/USDT ANALYSIS PEPE has recently broken out of a descendin#PEPE/USDT ANALYSIS
PEPE has recently broken out of a descending channel, accompanied by significant volume, signaling strong bullish momentum.
Currently, it is undergoing a retest above the channel, with the 50-day moving average providing critical support. This support from the 50 MA suggests underlying bullish strength.
If PEPE successfully holds above the descending channel during this retest, it would serve as a bullish confirmation.
PEPE Gearing Up For New All-Time High Pepe has been one of the best-performing crypto tokens in this cycle so far.
After breaking out of an inverse head and shoulders pattern at the beginning of May, Pepe reached a top of 0.0000179. At the time, buyers lost some steam, and the token entered into a consolidation.
Here are two reasons why Pepe could have reached the local bottom and aims for a new ATH soon.
1️⃣ Technical Indicators: Pepe has flashed a bullish MACD crossover on the daily chart. This signal is reliable, especially in higher timeframes. Backtests show that in 70% of all occurrences, the price rose by more than 10% right after.
2️⃣ Chart Setup: Pepe is forming a nice U-formation on the daily chart with its bottom at 0.00001.
If PEPE follows this pattern and gets fueled by bullish indicators, a re-visit of the previous ATH is likely.
Based on the current level, this results in a profit potential of 35% - 40%.
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PEPE at strong SR, but chances for another dip are still highBINANCE:PEPEUSDT follows market vibes. Recent dips reached nice SR level at 1100-1140, but I can't be sure that it was the last dip. In order to confirm end of correction PEPE got to close 4H above 1300. Before that none of moves have bullish value.
If there will be more dips, then zone of interest starts under ~1080 and since there is a wide FVG price can easily dip down to 950-1000. These are short term targets that can be reached within this week.
I'm pretty sure PEPE will revisit 1340-1400 zone at some point, but I won't try to guess, if it will happen after the dip, or instead of it.
PEPE - Are You Ready?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 PEPE has been overall bullish , trading within the rising channel in blue.
Currently, PEPE is undergoing a correction phase and it is currently approaching the lower bound of the channel.
Moreover, it is retesting massive demand zone and round number $0.00001 in orange.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the orange round number and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #PEPE approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
PEPEUSDT is BullishPrice was in a strong downtrend, however the matured bullish divergence led to the break of previous lower high and the trendline. The breakout suggests that bulls have assumed control of the price action and if the freshly printed higher high is broken, we can expect a bullish reversal. Targets are mentioned on the chart.
PEPEUSDT is approaching the main trendHey Traders, in today's trading session we are monitoring PEPEUSDT for a selling opportunity around 0.00001140 zone, PEPE is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.00001140 support and resistance area.
Trade safe, Joe.