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Pepe

PEPE short on hourly chartYes I'm one of those crypto boomers who faded PEPE but the time to shine for shorting is here. From a TA perspective, we have seven consecutive wicks above the upper boll bands. The bands themselves are very wide, fanned outward with the lower band running near the 200MA. This would indicate a 75% drop is possible. Not saying that's going to happen, but the token has gone from being expensive to trade in ETH to now having liquidity on major exchanges, with trading in Binance's "innovation zone" opening in an hour. From past experience, dookie coins that get listed on Binance tend to bleed out quickly after they debut. Most don't recover. My short opened at .000004198, which I'll look to exit at .000002, unless the DeFi LPs are rugged then I'll ride it straight to zero. Everything about this coin is a disaster from a non-technical perspective. Anon team, insider trades early on, unlicensed use of copyright (Pepe via Matt Furie), and its been shielded in the ETH ecosystem where only whales could afford to trade it due to the expensive cost ($50-$100 in fees per transaction). Even if I get stopped out here (at .000005) I'll keep shorting it at selective points while I wait for the inevitable rug pull. Good luck, NFA
Short
by ChartswithChip
PEPPE Parobolic Pump Still GoingPeppe has become the lastest meme coin to beat the odds of mass adoption. In just a little of 2 weeks it has seen what is a clear parobolic pump and is currently sitting up over 4000% since launch. The question is how far can a silly meme coin with no real utility go? Past experience with top memes like shiba and doge had proven that they can go alot farther than one thinks very very quickly This is an hourly line chart we have been using to measure the momentum of price change verse time. Using the circle tool to match the curvature of the price action and splitting it evenly into 15 degree sections as usual has provided very accurate significant price levels and time periods to gauge the progress of the pump. The circle tool on trading view is not fixed and any zooming in or out and it will lose its aspect ration. If the circle on the chart is not perfectly positioned inside the red square zoom in or out to adjust. Each point where an angle line crosses the circle is repeating pattern in the time vs price cycle. This a meme coin and when it is done the crash will most likely be quick and violent. Price is currently pumping on this parobolic curve but when it falls out distribution of large holders will be heavy. Take your profit when the time comes or somebody else will. If anybody out there know how to code a circle tool like this that is scalable and fixed let me know in the comment section.
P
by Degen-Dynasty
PEPEUSDT What's going on with PEPE??PEPEUSDT is testing the top of a Triangle pattern similar to the earlier one on April 19 - 27. The 4H RSI however resembles the April 28 - 20 parabolic rise. If the price closes above the Triangle, we expect a rise to 0.0000038. If not, then pull-back to the bottom of the Triangle at 0.0000010 until the next move emerges. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
2
Is #PEPE still headed for the moon or is the rally done?I don't trade this coin, but here is what I was talking about on this morning's Wolf of All Streets Podcast with a bit more information. My count suggests that wave (iii) of ((iii)) terminated at the current swing high. Since, then wave (iv) has been printing what appears to be a flat correction. If so, then it is likely complete at the swing low. However, further decline has targets of the 38.2% and 50% retracement levels, respectively. The targets are based on the completion of wave (iv) and are denoted by the red arrows. It's possible that a double top formed, which would give us a pattern target of the 50% retracement area at the hourly pivot. But we need to see further breakdown to confirm that likelihood. Failure to do so will invalidate the pattern. So, if price rallies, instead, then an impulsive breakout above the descending purple resistance will signal that wave (iv) is likely complete. Further breakout above the wave b extreme will add confidence to the count. And wave (v) of ((iii)) has one of the red arrow targets depending on which of the pullback targets is hit. Basically, I'm looking for an impulsive breakout above the purple line to signal that wave (iv) is likely complete, no matter which pullback target is hit. Further breakout above wave b will signal that wave (v) of ((iii)) is likely in progress to one of the aforementioned targets.
by Chris_Inks