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PEPE PEPEUSDT Price Analysis (8h)Hello, esteemed traders and crypto enthusiasts! Let's embark on a detailed exploration of PEPEUSDT's current market dynamics and presence of the Bullish Divergence. 📈💹 📉 Triangle Breakout and Target Projection: PEPEUSDT's recent price action showcases a downward trajectory following a breakout from a triangle pattern. The configuration of this pattern signifies a potential target level hovering around the 8320 mark. Interestingly, this target aligns harmoniously with a zone that has previously acted as a crucial support area. 📈 The Emergence of Bullish Divergence: However, a comprehensive analysis requires us to zoom in on the Relative Strength Index (RSI) indicator. Upon closer examination of the 8-hour timeframe, a noteworthy phenomenon is on the horizon: Bullish Divergence. This phenomenon is pivotal, as it signals a potential shift in the prevailing market sentiment. 🚀 Understanding Bullish Divergence: Bullish Divergence occurs when the price of an asset is moving downwards while the RSI is moving upwards. This discrepancy suggests that the selling pressure may be waning, despite the price continuing its descent. It often foreshadows a potential trend reversal or a substantial price rebound. 📈 Harnessing Bullish Divergence for Trading: In this context, if market participants perceive the emerging Bullish Divergence as a compelling buy signal, it could usher in a series of intriguing possibilities. This includes a potential rebound in the price trajectory. The violet resistance line, which had previously constrained the price, could potentially face a breakout. 🎯 Upside Targets and Potential Breakout: Should this scenario materialize, the price movement might gravitate towards resistance levels located at 12500 and 14400. These levels are significant as they have historically acted as crucial barriers to upward price progression. 🚨 The Key Factor: Risk Management 🛡️: As traders, it is crucial to underscore the significance of meticulous risk management strategies. While Bullish Divergence offers a glimmer of potential upward movement, it's essential to integrate this insight into a broader risk assessment framework. Happy trading, fellow crypto enthusiasts! 🚀📈💰
by Vestinda
2
PEPEUSDT even more correction ❌🧨Hello 🐋 based on the chart the price is close to the trend line and resistance zone in the parallel channel ✔️📚 so we expect to see red candlesticks to the downside ❌🧨 besides the range market and brief green candlesticks to the upside are acceptable scenario too 📖💡 if we lose our support level, we will see even more correction to the downside ❌🧨 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
4
PEPE Looks Clearly BullishPEPE Looks Clearly Bullish After A Completed A-B-C Correction Back In June. After a completed A-B-C correction in mid June, we saw nice and clean five-wave bullish cycle into wave A/1 till the beginning of July. Since the beginning of July, we can now see it now finishing a three-wave (A)-(B)-(C) correction in B/2 that can find the support here around 0.*012 – 0.*010 support area before a continuation higher within higher degree wave C or maybe even wave 3 of a five-wave bullish impulse.
CRYPTO:PEPEUSDLong
by ew-forecast
PEPE accumulation scenario - an update I would like to update my previous analysis for PEPE (see link below). My view does not change: a possible accumulation is on-going. Only the levels are slightly modified. It's likely that PEPE prices are evolving in an ascending channel with some deviations. Following wyckoff accumulation schematic, in my opinion, the phase B is happening with a potential Spring (deviation of the main channel to the down-side). However this Spring event is not always needed. What are your thoughts about PEPE and this analysis? Have a nice week!
Long
by evasivesteering
16
PEPEUSDT SHORT PROJECTIONAfter consolidating for a period, PEPE's price has now broken below the support level. This breach suggests that there could be additional downward momentum in the near future, potentially leading towards the next support level. Additionally, on the 4-hour timeframe, there is a prominent double tops pattern observed over a strong resistance area. This pattern further reinforces the likelihood of a bearish movement in the market. Traders and investors should be cautious of the current situation and be prepared for potential further declines in PEPE's price.
Short
by TraderChamp-Pro
PEPE COIN Rally Update!Hey friends hope your well and welcome to the new update on a PEPE. A channel, and Inverse Head & Shoulder move: Earlier I shared an article in which I explained how PEPE broke out a channel and after the break out it was about to break another Inverse Head and Shoulder pattern, if you missed the previous post then below is the link: Bull flag: Finally the priceline broke out the resistance of the inverse Head & Shoulder pattern and rallied well. From the low of June up till the high of July it was more than 131% move, and during this move PEPE formed a bull flag, which is a clear signal for the continuation of this rally. Another channel breakout: After breaking out the bull flag on a 4-hr time frame, the priceline of PEPE formed another down channel. After breaking out this channel the target was to $0.00000188, and PEPE has reached the aforementioned target. A harmonic bullish reversal setup: After the break out from the aforementioned down channel PEPE coin has formed a harmonic bullish reversal Gartley pattern, and if you would like to trade this pattern then below is the link for a details trade setup: Key resistance: After breaking out the bull flag and aforementioned channel, the priceline of the famous meme coin is struggling to break a long term resistance of $0.00000190, and if PEPE breaksthis this key resistance then it will continue this massive rally. Conclusion: PEPE is continuously breaking down different resistance levels on different time frames, therefore, there is a very high probability that soon it may also break out the key resistance of$0.00000190 and after breaking out this resistance we may see more powerful pump.
Long
by moon333
1
PEPEUSDT : ROUND 2 : BUY SIGNALSup. It's not exactly been the balls-to-the-wall explosive start I'd have liked for the bullrun, but at least it's heading in the right direction. For those of you looking for another opportunity to get into PEPE, now's your chance. There's another great opportunity I doub't many of you know about. It is, to my knowledge, the cheapest crypto listed for perpetual leveraged trading on any large exchange, so check it out. Current price is ~$0.000000000100 Ticker name: AIDOGE dub.sh Do the math..
Long
by Rebelmedia