Threat of a Downward Shift
• After breaking its rising trend, PEPE tried to hit the 150 resistance mark by testing its strong support again but didn't make it.
• Now, it's moving between the support and resistance levels we marked on the chart. It's important to know that if the price closes below this support, it could mean the start of a downward trend.
•This is especially true because a downward pattern formed after the price met the rising trendline, making it more likely that this support might break.
(All analyses will be updated)
This analysis is informational, not financial advice.
• Now, it's moving between the support and resistance levels we marked on the chart. It's important to know that if the price closes below this support, it could mean the start of a downward trend.
•This is especially true because a downward pattern formed after the price met the rising trendline, making it more likely that this support might break.
(All analyses will be updated)
This analysis is informational, not financial advice.
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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.
Claim a 7-day trial: t.me/cornix_groups_10_bot?start=group_invite-3301c0310d53475d9342f9bd0468cc6b
Related publications
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.