pepepepe technical analysis basically on elliott waves principles and price action strategy
pepe can be make a new high
Pepe
PEPE: Recovery Time?Overall, the Crypto market looks pretty shaky. A top appears to be forming in BTC in the form of a Head and Shoulder Pattern.
Until the market makes some decisive moves, we are seeing Alt Coins create some interesting patterns and various forms of consolidation.
FWB:PEPE is getting my attention today with a very clean Inverse Head and Shoulder (IHS) Pattern.
Let's break this idea down.
IHS forming at the bottom of the market.
Market has pulled back into the "Golden Pocket" of the range. As measured from the Head to the top of the impulse (preceding the pullback).
A small base forming on the Golden Pocket, indicative of buyers support at this level.
33% gain if we are targeting the supply gap above us.
Be aware that the correlation of Alts and BTC remain high, if BTC is to move downward, this bullish structure would be at risk.
This is for educational purposes only and is not to be considered as financial advise.
Please do your own DD and operate within your risk parameters.
🔥AAVE Is Ready To Make a Massive BreakoutAAVE is inside the massive triangle. The price touch of the bottom or top of the triangle will be a bullish signal where you can consider your long or spot purchases.
The closest resistances and targets are $125 and $365 key levels.
💥most of AAVE holders are destroyed after -93% from a top. So when to break through this accumulation triangle if not now?
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🔥HBAR Triangle: Breakout Will Have a Tremendous Influence HBAR fell by -94% from it's highs as the most of altcoins. It has and additional advatage: someone's support it's price. It bounced by +150% and +80% while most altcoins just consolidating.
The pressence of the buyers support gives me additional confidence that this altcoin will be a top gainer at the bull market.
The closest targets are about +108% ($0.1) and +450% ($0.27). It's possible to reach the second target only in case of $40-46,000 per Bitcoin.
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PEPE is showing signs of a continuity of bullish momentumHarmonic bullish reversal move:
Before starting the analysis of PEPE, I would like to share with you my most recent trade signal for PEPE, which I shared few hours ago. That was a harmonic bullish reversal Gartley move, which PEPE formed on a 4-hour time frame, and recently it has begun a successful bullish reversal form the potential reversal zone of this move.
Massive Breakout from the channel:
On a daily time frame chart, from may 2023 to June 2023 the priceline of PEPE coin has been moving inside a long down channel, and finally on 20th of June 2023, the priceline of the leading meme coin broke out the resistance of this channel and rallied more than 131%. But during this move the price got rejected by the long term resistance of $ 0.00000190 and formed another down channel.
2nd channel breakout:
Now from July 2023 to September 2023, PEPE was moving inside in another down channel, and during this move to the downside there was a fake out happened, and price got rejected by a very long term resistance zone, which starts from $ 0.00000136 and goes to $ 0.00000146. After this rejection PEPE re-entered the same down channel now on 22nd of September it has broken out this channel as well.
Inverse H & S breakout:
Recently on a 4-hour time frame PEPE has broken out an Inverse Head & Shoulder pattern and now the price is getting accumulated above the neckline of this inverse head & Shoulder.
Targets:
Now if we take a look at the targets for all these patterns and breakouts, then the expected target for inverse Head & Shoulder is $ 0.00000082, and the recent channel’s breakout targets is $ 0.00000095, and the target for the breakout from the oldest channel, which was happened in the month of June 2023 is $ 0.00000210.
Conclusion:
PEPE is showing the sign of a continuity of the bullish momentum, because it has broken out a long down channel after 77 days, and recently broke out another inverse Head & Shoulder, moreover, after breaking out the head and shoulder pattern it also formed harmonic bullish reversal pattern and started another reverse from the potential reversal zone of this pattern as well.
SasanSeifi 💁♂️PEPE 👉6H🔼 0.000000830 / 0.000000875In the 6-hour timeframe, as you can see, the price has experienced a growth of over 30% from the 0.0000006020 range. Currently, with the possibility of a price rejection from the supply area, we can consider a scenario where, after a correction and retesting, the price may once again move upwards if confirmed. The target for further growth could be the important resistance levels at 0.000000830 / 0.0000008755.
To better understand the continuation of the price movement, we need to observe how the price reacts to the range between 0.0000007340 / 0.0000007560. If the price breaks below the support ranges and establishes itself lower, it may increase the likelihood of a further correction.
🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️
Pepe Token formed bullish Gartley for the next pumpHi dear friends, hope you are well and welcome to the new update on Pepe Token with US Dollar pair.
Our last successful trade of PEPE was the below one:
Now on a 4-hr time frame, PEPE has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
🔥 PEPE Falling Wedge Break Out Soon? Crazy Potential!PEPE has been losing a lot of value after the initial listing on Binance. However, there might be some good news for the bulls in the near future.
Seeing that falling wedges are bullish reversal patterns, a break out from this pattern might be the signal where bulls are waiting for in order to step back into PEPE.
With a bullish/neutral BTC, this token can fly high. The trade on the chart has a R/R ratio of 26, making it a great short-term trade with a high potential pay-off.
PEPEUSD Can rise aggressively if the Falling Wedge breaks.Pepe (PEPEUSD) is trading within a Falling Wedge ever since the first sell-off and sits below both the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line) which made a double rejection on the latest Lower High on August 14 2023.
The 1D MACD is already on a strong post Bullish Cross sequence so the slightest break-out, preferably above the 1D MA50, will be a buy opportunity. The first and more reachable target will be a symmetrical with the Wedge's first rise at +128%, targeting 0.0000013500. If then the 1D MA100 holds as a Support, we will re-buy and target Resistance 2 at 0.0000019000.
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We're on our way to the next floorIf you see my profile you will notice that it predicts Pepe's previous floor quite accurately and now I think I am right again, see how the downward trend has been making a megaphone since July 14, I think that after hitting the floor The trend would be upward and the next tarjet could be the daily ma of 100.
$VARA making a swing bullish. $VARA might be making a swing up for some bullish action. This is NOT a double bottom pattern. But it is acting like it wants to move touching this fib twice. Watch and see..
PEPE PUMP 144 CODE tomorrowThe downside breakout on day 144, if that happens, will be a fractal situation as with the fib, then the next key dates will be day 166 and 171.
I once predicted a strong shiba pumping on this cycle. This is where it could work again. The risk/reward ratio is good.
PEPEUSDT bullWe have a good shopping area. This token has not yet fully demonstrated itself. 30+% is the minimum the coin will jump to. The wedge shows that we have found support and will work upward from it. Good luck and profit to everyone.
🔥MAV and APT: SAME PATTERN, SAME PROFIT❓Both altcoins fell by -60-70% after the Binance listing and reached the accumulation area.
💥 what's next? I think you understand.
Such fresh altcoins as Aptos, Render etc. are growing very easy and we make a profit on it, but every altcoin(!) depend on Bitcoin. Let's see what's daddy have for us during the upcoming days.
🔥SUI VS APT: This Pattern Works On ALL Fresh🔋 AltcoinsSui Network is the new altcoin on Binance which has an unlimited potential.
Now the price fell by -72% and consolidating inside green area. Additional bullish signal is a potential close above $0.45 key level.
The closest worthwhile target is at $1-1.25 (+170-200%). If BTC will close above 31-34k and continue its growth, SUI can easilly grow by 4-10-50x on a bull market.
💥$300M cap can easily turn into $1B or eve more how it was with Aptos.
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Pepe long position taken hi traders this time we will open a long position on 1000PEPE p. contracts, be safe and keep a not so narrow stop loss pn this one as pepe volatility is very high
📉PEPE analysis after team conflict📈BINANCE:PEPEUSDT
OKX:PEPEUSDT
Hello Traders, please check out my previous ideas.
If the price stabilizes below the yellow area, the long scenario won't be fulfilled.
Targets are on the chart.
Optimum stop-loss for long position is below the 0.0000008415 level.
After what happened to Pepe's developer team and their conflict, there is a possibility of an upward return in the price trend if the sentiment around this project improves.
If the negative sentiment continues, the price of Pepe can decrease to the lower levels of the pitchfork.
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✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
CrazyS✌
LE BUY, LE PEPEUSDT : PERFECT TEMPERTUREnter at current level ~$0.000000725
Safest trade you'll make in a while.
PEPE signalAfter a CHOCH and a pullback on tough support zone it's high time to take long position.
Be aware of SL/TP
PEPE long positionEntered a long #daytrade position on #PEPE... Let's see how far we get today... SL right under SSL...
#memecoins are always risky to #trade with leverage... So NFA...
#trading FWB:PEPE
@pepecoineth
#pepecoin #PepeCommunity_ #PEPEUSDT
$PEPE double bottom, let's make a W and test the highsTotal speculative bet, price action looks good with what appears to be a double bottom on a higher low. If this meme coin breaks it's all time high it could also go a lot higher than what the chart shows. It could also not happen, we see.
Market Update - September 1st 2023
Grayscale ETF ruling boosts BTC: A U.S.Court of Appeals ruled in favor of Grayscale in their lawsuit against the SEC, which challenged the agency’s denial of an application to convert Grayscale Bitcoin Trust (GBTC) to an ETF. GBTC is currently the largest Bitcoin fund with over $16.3 billion USD in AUM. The ruling led to higher prices for BTC.
Powell speech and cooling economic data led to higher market prices: Markets were higher following Jerome Powell’s speech at Jackson Hole last Friday, in which no surprises were indicated. Cooling GDP and jobs data further bolstered these gains.
PEPE trends down following rug pull rumors: PEPE experienced a sharp drop in price last week as rumors of a rug pull circulated. The anonymous developer who claimed to be in control of the funds now says that the remaining 10 trillion tokens are safe and will remain until a “use or burn arises.”
X receives Rhode Island payments license: Twitter Payments LLC, the payment branch of X, was approved by Rhode Island for a license request to store, transfer, and exchange Bitcoin and other digital assets on behalf of its users. This marks another step in Elon Musk’s quest to turn X into the “everything app.”
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