Wave 5 Target for PEPE now that Wave 4 has ended
This is my area of interest for a top on PEPE to complete its first cycle. I do still hold a small bag of PEPE, roughly 25% of my original entry at $0.0000009 June 2023. The other 75% of my original entry has been rotated into XRP.
This projected target area of $0.0000188 to $0.0000232 is based on the inverse of Wave 4. If an extended Wave 5 happens, we might see $0.000033-$0.000048. I honestly like PEPEs chances of an extended Wave 5 more than WIF, but knowing my luck it will end being WIF. Either way, PEPEs Wave 3 only broke the 3.618 of Wave 1, which probably isn’t that extended when we are talking about volatile cryptos, specifically meme coins. We have confluence between a 3.618 and 2.618 move for Wave 5 when compared to one of the 3 methods used to project Wave 5.
1. Equal to Wave 1 ($0.000012 Already exceeded)
2. Equal to 0.618 Wave 1 & 3 ($0.0000181 possible, but not likely imo)
3. Between 1.236 and 1.618 inverse Wave 4 (Strong confluence)
I’m actually going to gamble with my remaining 25% and see if we get an extended Wave 5. If not and it starts to roll over somewhere in the yellow or red box - I’ll exit my remaining 25% on the way down, hopefully while still in that box.
This projected target area of $0.0000188 to $0.0000232 is based on the inverse of Wave 4. If an extended Wave 5 happens, we might see $0.000033-$0.000048. I honestly like PEPEs chances of an extended Wave 5 more than WIF, but knowing my luck it will end being WIF. Either way, PEPEs Wave 3 only broke the 3.618 of Wave 1, which probably isn’t that extended when we are talking about volatile cryptos, specifically meme coins. We have confluence between a 3.618 and 2.618 move for Wave 5 when compared to one of the 3 methods used to project Wave 5.
1. Equal to Wave 1 ($0.000012 Already exceeded)
2. Equal to 0.618 Wave 1 & 3 ($0.0000181 possible, but not likely imo)
3. Between 1.236 and 1.618 inverse Wave 4 (Strong confluence)
I’m actually going to gamble with my remaining 25% and see if we get an extended Wave 5. If not and it starts to roll over somewhere in the yellow or red box - I’ll exit my remaining 25% on the way down, hopefully while still in that box.
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