PEPE forms DOUBLE TOP with H&S on right peak
Updated
PEPE has formed a double top, broken through previous low of 0.0000116 and is now retesting from below.
To add fuel to fire, the right top has formed a head and shoulders pattern, with the shoulder line being broken at 0.0000116.
Main technical pivot point for PEPE is set at 0.000009, however should we see the reflection of our double top measurement, we'd be looking at a 0.0000108 - 0.0000106 profit target for a nice little short
To add fuel to fire, the right top has formed a head and shoulders pattern, with the shoulder line being broken at 0.0000116.
Main technical pivot point for PEPE is set at 0.000009, however should we see the reflection of our double top measurement, we'd be looking at a 0.0000108 - 0.0000106 profit target for a nice little short
Comment
First target reached with a beautiful reaction at the 0.0000108 - 0.0000106 rangenext target of 0.000009 in sight, I expect a reaction at 0.0000095
partial profits taken at 0.0000100
Trade closed: target reached
lower low created on the 5min TS with a bounce up from 0.0000099, looks like we could start forming a DBW, May look at buying in. All in all a nice two day short
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.