Testing the upper boundary of the triangular pattern
Pepe2 is currently testing the upper boundary of the triangular pattern and facing resistance at 8400. If this resistance is broken and the price stabilizes above it, we may witness a stronger upward movement. However, if it fails to break this resistance, we could see a price retracement to lower levels and continued movement within the triangular pattern.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.