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PEPE Bulls Defend Key Support Zone—Are We Ready for a Breakout?Yello, Paradisers! Is #PEPE about to make its next big move? #PEPEUSDT is currently re-testing a crucial support zone that it has already defended twice, showing signs of strong bullish resilience. 💎PEPE recently tested its previous range breakout levels, establishing a bullish Morning Star pattern on the first bounce. Now, a Hammer Candlestick is emerging, which indicates that the bulls are aggressively protecting this zone. If the bulls hold their ground, we could see an initial push towards the descending resistance at 0.0000101. 💎This descending resistance level at 0.0000100 needs to break if bulls want to regain momentum. Should PEPE overcome this, price could see a sharp rally towards 0.0000113 - 0.0000118, a key resistance that has previously forced prices lower. In between, keep an eye on the 0.0000105 minor resistance—an initial hurdle for the bulls. 💎If the bullish momentum extends beyond 0.0000118 and holds, there’s potential for PEPE to target much higher levels around 0.000013 - 0.0000135. 💎Currently PEPE is taking strong support from 0.00000881 - 0.00000855 levels, a range that has twice prevented sellers from pushing lower. Additional strong support lies just below, at 0.00000790 - 0.00000765, making it tough for bears to gain control. Play it smart, Paradisers. In this market, patience and discipline are key. Stay focused and ready to act on the best opportunities! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
PEPE/USDT pair on Binance (1-hour timeframe) TA+TRADE PLAN BY BFPEPE/USDT pair on Binance (1-hour timeframe) Technical Analysis + TRADE PLAN by Blaž Fabjan Chart Pattern: Falling Wedge The falling wedge pattern is identified, which is typically a bullish reversal pattern. As the price converges downward, it indicates a potential breakout to the upside. The pattern suggests that there might be a bullish move coming once the price breaks out of the wedge. The breakout has either happened or is about to happen as per the drawing. Key Support and Resistance Levels: Support Levels: $0.00000066: This is a key support level, likely the bottom of the falling wedge pattern. $0.00000070 and $0.00000076: Potential areas of support if the price retraces after the breakout. Resistance Levels: $0.000000807, $0.000000886, and $0.000000986: These are key resistance levels. Once the price breaks out of the falling wedge, it will likely face resistance at these levels. $0.000001084 and $0.000001235: The upper resistance targets if the price momentum continues. Indicators: RSI (Relative Strength Index): RSI is around 56, indicating that the market is in a neutral to bullish territory. If RSI increases above 70, it may indicate overbought conditions. Stochastic Oscillator: Stochastic Oscillator is around 85, indicating overbought conditions. However, during a breakout scenario, this might suggest strong momentum. Volume: There is a slight increase in volume, which is often seen during breakouts from chart patterns like falling wedges. VMC Cipher B Indicator: This indicator shows momentum and potential divergence. The convergence of the lines could indicate a bullish reversal. Hull Moving Average (HMA) Histogram: The HMA histogram shows a slight bullish divergence, supporting the case for a bullish breakout. Trading Plan Entry: Enter the trade after a confirmed breakout from the falling wedge pattern, preferably on a candle close above $0.000000807 (the first key resistance level). Confirmation can also be supported by an increase in volume or further confirmation from RSI moving upward. Stop Loss: Place a stop-loss below the most recent support, around $0.00000070, to minimize risk in case the breakout fails or the price retraces back into the wedge. Take Profit Levels: First Target (TP1): $0.000000886 (next resistance level). Second Target (TP2): $0.000000986 (another resistance level where the price may slow down). Third Target (TP3): $0.000001084 (for more aggressive traders aiming for a larger move). If you are highly confident in the bullish move, you can target $0.000001235, but ensure to trail your stop-loss once the price reaches the first target to lock in some profit. Risk Management: Risk-to-reward ratio should ideally be 2:1 or better. Use 1-2% of your trading capital on this trade to manage risk effectively. Monitor RSI and Stochastic Oscillator closely, as both are nearing overbought zones. If these indicators show divergence (i.e., price rising but RSI declining), be cautious of a false breakout. Watch for any sudden shifts in volume; if volume drops after the breakout, it could indicate weakening momentum. In case the price drops back into the wedge pattern or below support, consider exiting the trade to avoid further losses. This trading plan aims to capitalize on the bullish breakout of the falling wedge pattern, but always ensure to use proper risk management.
Long
by elfabiiani
1
PEPEUSDT: Ready to Rocket! As the meme coin craze takes over, PEPEUSDT is making waves! It has recently broken its trendline and bounced off a strong support level, setting the stage for a powerful upward movement. With the momentum building, now is the time to watch for a significant price jump. Don’t forget to manage your risk while riding this thrilling wave! PEPEUSDT Currently trading at $0.0108 Buy level: Above $0.0098 Stop loss: Below $0.0077 TP1: $0.012 TP2: $0.015 TP3: $0.02 TP4: $0.03 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
PEPE/USDT technical analysis and trading plan by Blaž FabjanPEPE/USDT trading pair, here's a breakdown of the technical analysis and trading plan by Blaž Fabjan: Symmetrical Triangle Formation: There is a symmetrical triangle pattern highlighted. This is typically a continuation pattern that signals a breakout, either upward or downward, depending on which side breaks first. Currently, the price is consolidating near the end of the triangle. A breakout is expected soon. Support and Resistance Levels: Immediate support: $0.000000807 (marked by a blue horizontal line). This is a key level to watch; if it breaks below, the price may retest lower support zones. Next support: $0.000000766. Key resistance: $0.000000886. This level represents a potential target for an upward breakout from the symmetrical triangle. Higher resistance: $0.000000986, should the price breach the first resistance level. Volume: The volume bars are relatively lower in recent periods, but the volume could increase when a breakout occurs. Pay attention to a spike in volume confirming a breakout direction. VMC Cipher-B Indicator: The VMC Cipher indicator shows a bit of sideways movement in the momentum, with no strong divergences visible. Keep an eye on this to spot potential bullish or bearish divergence. RSI (Relative Strength Index): RSI is around 51.88, which indicates a neutral market. There’s no overbought or oversold signal, but the RSI may rise if there’s an upward breakout from the symmetrical triangle. Stochastic RSI: The Stochastic RSI is at 46.67, which is close to neutral but leaning slightly toward a potential upward crossover. This could indicate buying pressure may soon increase. Potential Trading Plan: Bullish Scenario (Breakout Upwards): Entry point: If the price breaks above the symmetrical triangle resistance line and holds above $0.000000886 with increased volume. Target: First target can be around $0.000000986. If strong momentum continues, higher targets may be set at key psychological resistance levels. Stop-loss: Place a stop-loss just below the triangle support level, ideally around $0.000000807. Bearish Scenario (Breakout Downwards): Entry point: If the price breaks below the symmetrical triangle and the $0.000000807 support level with high volume. Target: First target would be $0.000000766 and further down to $0.000000666 if the bearish momentum persists. Stop-loss: Place a stop-loss above the resistance level of the symmetrical triangle, around $0.000000850. Neutral/Consolidation Scenario: If the price continues to move sideways and no clear breakout occurs, it’s best to wait and observe how the market reacts at these key levels. Summary: Watch for a breakout from the symmetrical triangle. A move above $0.000000886 with strong volume will likely result in a bullish continuation, while a breakdown below $0.000000807 signals bearish action. Keep an eye on the RSI and volume indicators to confirm momentum.
Long
by elfabiiani
PEPE / USDT TECHNICAL ANAYLSIS ON 4H TIMEFRAME BINANCE CHARTRising Wedge Formation: The chart shows a rising wedge pattern, which is typically considered a bearish pattern. This pattern suggests that while the price is moving upwards, the movement is becoming more constrained and might lead to a breakout to the downside once the wedge reaches a critical point. Support and Resistance Levels: Support Levels: Around 0.000000583 USDT, which aligns with the lower trend line of the wedge. This level could act as a potential bounce zone. Resistance Levels: The price is facing potential resistance at 0.000000886 USDT and further upwards near 0.000000986 USDT. Volume Analysis: The volume appears to be declining as the price moves within the wedge. Lower volume during a rising wedge can be a warning of an impending reversal or consolidation phase. Indicators (RSI, Stochastic, VMC): RSI (Relative Strength Index): Sitting near 42.72, indicating that the price is not in overbought or oversold conditions but is leaning towards a bearish bias. Stochastic RSI: Shows a reversal from the oversold territory, indicating a potential short-term bounce or consolidation. VMC (Market Cipher-like indicator): Shows multiple divergences, suggesting some conflicting signals but likely a continuation of the downward pressure in the short term. Prognosis for PEPE/USDT: Short Term: The price may test the lower bound of the wedge (around 0.000000583 USDT), as the wedge structure and other indicators suggest potential downward pressure. A short-term bounce from this support is possible given the Stochastic RSI showing oversold conditions. Medium Term: If the price breaks the lower trend line of the wedge, it may fall towards 0.000000583 USDT or lower, confirming the bearish wedge pattern. If the price holds above this, it could consolidate and make another attempt to push upwards to 0.000000886 USDT or even higher towards 0.000000986 USDT. Bullish Scenario: If buying pressure increases and the price breaks above the upper resistance (around 0.000000886 USDT), the next target would be 0.000000986 USDT, which could trigger a more significant uptrend, invalidating the wedge pattern. Bearish Scenario: A confirmed breakdown from the wedge could lead the price toward the 0.000000583 USDT level, with a possible deeper correction if this level doesn't hold.
Long
by elfabiiani
CAN PEPE GET TO $0.01545? I AM BULLISH MIDTERMCan Pepe (PEPE) Reach $0.01545 from Its Current Price of $0.01217? A Midterm Bullish Analysis Current Price: $0.01217 Target Price: $0.01545 Midterm Perspective: Bullish As of the current price of $0.01217, Pepe is in a consolidation phase after experiencing significant volatility. The broader cryptocurrency market has shown signs of recovery after a bearish period, with several altcoins gaining traction. The market sentiment appears cautiously optimistic, especially for meme coins like PEPE, which have strong community support.
Long
by ForexClinik
PEPE Token Price SpeculationsBINANCE:PEPEUSDT The price prediction for Pepe token (PEPE) over the next five days suggests a potential upward trend. According to various sources: 1. Short-term Forecast: July 7, 2024: $0.000008866 July 8, 2024: $0.000009345 (+1.39%) July 9, 2024: $0.000009963 (+8.09%) July 10, 2024: $0.00001072 (+16.31%) July 11, 2024: $0.00001156 (+25.42%) . 2. Market Sentiment and Influences: • Current Sentiment: The market sentiment for Pepe token is currently mixed. Despite short-term bullish predictions, some indicators suggest caution due to market volatility and speculative nature of meme coins . • Factors Influencing Price: External factors such as overall market trends, investor sentiment, and broader economic conditions can significantly influence PEPE’s price movements . These projections indicate a potentially positive trajectory for Pepe token in the immediate future, with expected price increases over the next few days. However, it’s important to consider the inherent volatility and risks associated with meme coins and the broader cryptocurrency market when making investment decisions.
Long
by soxentp
6
PEPE/USDT Trading ScenarioAfter hitting a new local high of $0.00001726, the price of PEPE entered a prolonged correction, dropping to $0.00000768, a decline of over 55%. In this range, the price found significant interest from market participants and nearly reached the high-volume level (Point of Control, POC), from which it bounced back and attempted to recover. Currently, the asset is in a consolidation phase, and according to the volume profile, interest in this price zone remains. The price might drop further, which could pressure new participants and provide an opportunity to buy at lower prices, closing out losing positions. A downward move and testing of the 200-day moving average appear promising for medium-term entry with the goal of setting a new local high.
by Rick_SimpleSwap
PEPEUSDT.1DThis technical analysis of the PEPE/USDT (PepeCoin against US Dollar Tether) chart provides a comprehensive view of the market dynamics at play. Here’s an in-depth review of the current chart pattern and the critical levels: Current Price Action: PEPE is trading at 0.00001259 USDT. The chart reveals a sequence of bullish and bearish phases, now seemingly poised at a crucial juncture. Key Levels on the Chart: Support Levels: S1: 0.00000780, a significant pivot point in recent trading sessions. S2: 0.00000595, which has acted as both resistance and support in earlier price movements. S3: 0.00000379, indicating a lower boundary from past pricing zones. S4: Not shown but would imply a further significant drop. Resistance Levels: R1: 0.00001377, a previous support level that could now serve as a resistance. R2: 0.00001724, the highest recent price and a psychological barrier. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD is hovering around the signal line, indicating a lack of strong momentum. The slight convergence above the signal line may suggest a budding bullish momentum, but it remains weak. RSI (Relative Strength Index): The RSI is at 59.04, which is near the neutral zone but trending upwards, suggesting increasing buying interest without yet reaching overbought conditions. Technical Analysis and Trading Strategy: The chart presents a scenario where PEPE has bounced off the low support levels and is attempting to break through higher resistance. The current formation suggests a potential bullish reversal if the market sentiment continues to improve. Buying Strategy: Consider taking long positions if PEPE maintains its level above S1 at 0.00000780, with a conservative target at R1 (0.00001377). A tight stop-loss just below S1 could help manage risk. Selling Strategy: If PEPE reaches the resistance at R1, traders should watch for signs of reversal (e.g., bearish candlestick patterns, RSI divergence). Taking profits near R1 or holding out for R2 (0.00001724) with a trailing stop-loss can maximize gains while protecting from sudden declines. Risk Management: Given the volatility and the lower price per coin, position sizing should be adjusted accordingly to manage exposure and avoid significant losses. Conclusion: The PEPE/USDT pair shows potential for short to medium-term gains if it can sustain above established support levels and break through the impending resistance levels. The key will be to watch how the indicators align over the next trading sessions, particularly the MACD for momentum shifts and the RSI for buyer exhaustion signs at higher levels. This approach combines technical signals with strategic entry and exit points to optimize the trading outcome while mitigating risk.
Long
by MarsSignals
PEPE wait break S/R📊 PEPEUSDT Chart Analysis Key Points: Strong Resistance 💪: A strong resistance is observed at the 0.00000991 - 0.00001032 zone. This level has acted as a barrier multiple times. Indicated by the blue horizontal line. Take Profit (TP) Levels 🎯: TP-1: 0.00000991 🟢 TP-2: 0.00001032 🟢 TP-3: 0.00001082 🟢 TP-4: 0.00001131 🟢 TP-5: 0.00001208 🟢 Technical Analysis 🔍: Previous Downtrend 📉: The chart shows a strong downtrend previously, with the price dropping from around 0.00001313 to the low of approximately 0.00000763. Current Zone 📈: The current price is around 0.00000924, close to the strong resistance zone. The red area represents the risk zone, indicating the potential for a price drop if this area is broken downward. Potential Upside 🚀: If the price can break the strong resistance around 0.00000991, there's potential for movement towards the subsequent TP levels. Given the current position and the strong resistance, breaking this zone could signal a good buying opportunity. Trading Strategy 💹: Enter Long Position 🛒: Consider entering a long position if the resistance at 0.00000991 is broken. The take profit targets (TP) are sequentially TP-1 to TP-5. Stop Loss 🛑: Place the stop loss below the red zone (0.00000897) to limit losses in case of a sudden price drop. Conclusion 📝: The PEPEUSDT chart indicates a strong resistance zone. Breaking this resistance can lead to a potential price increase towards the specified TP levels. Therefore, entering a long position upon breaking this resistance and setting a stop loss below the red zone can be a sound strategy.
Long
by ahmadarz
4
Is PEPE Set for a Major Rally?Yello Paradisers! Have you been watching #PEPE's explosive move after breaking out of its downward trend? If not, you're missing out on a potential game-changer. Here's what you need to know to stay ahead of the market. 💎#PEPE has been making significant strides after overcoming the descending trendline resistance, signaling a potential major rally. On the lower time frame, PEPE is forming a bullish flag pattern, a classic continuation pattern that often precedes further upward momentum. 💎The current setup suggests a high probability of continued upward momentum if PEPE breaks above the minor resistance at 0.00001260. Traders should watch for volume confirmation to gauge the strength of the breakout. The breakout momentum is anticipated to continue upward trend into the strong resistance zone of 0.00001370-0.00001410. This is a pivotal level and could partially withdraw some profit-takings. 💎Primary Support at 0.00001085 to 0.0000106 levels. This zone is fortified by both horizontal and trendline supports. A dip into this area could attract sidelined bulls, offering a robust foundation for the next leg up. Paradisers! Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
4
PEPE: Pullback in UptrendTrade setup : Price is in an Uptrend. Following a bullish breakout from Channel Up, price reached resistance at $0.000017, where it got rejected. Now we look for the right entry opportunity in Uptrend. Pull back near $0.000013 support could be a swing trade entry opportunity in Uptrend with +30% upside potential back to $0.000017. Stop Loss at $0.0000110. If price breaks above it's ATH of $0.0000173, the next possible resistance levels (price targets) based on Fibonacci Extensions are: $0.0000184 (61.80%), $0.0000200 (78.60%), $0.0000215 (100%) and $0.0000266 (161.80%). Pattern : Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3. Trend : Short-term trend is Up, Medium-term trend is Strong Up and Long-term trend is Strong Up. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.000012, then $0.0000092. Nearest Resistance Zone is $0.000015, then $0.0000164.
Long
by altFINS