Pepe turned neutral on its 1D technical outlook (RSI = 46.389, MACD = 0.000, ADX = 26.088) as it has been on a small short term bounce but still limited under the 1D MA50. The latter is the level to break as it has been the Resistance of this bearish wave of the 2 year Channel Up with two rejections on Jan 17th and Jan 2nd. The recovery on the 1D RSI is a strong sign of a bottom, much like September 20th 2023. Technically that took place on a 1D Death Cross, a formation we completed 4 weeks ago. The bullish wave that started then, hit the 1.618 Fibonacci extension. Long term trade is buy, TP = 0.00008.
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Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.