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Pepetrading

PEPEUSD: 10 month Channel Up bottomed. Target 0.00045.Pepe is still bearish on its 1D technical outlook (RSI = 42.958, MACD = 0.000, ADX = 31.752) despite today's rise as the price remains close to the bottom of the 10 month Channel Up. Still, the 1D RSI just got oversold and immediately rebounded, which is what happened on the August 5th 2024 bottom that gave rise to the new bullish wave. Both prior bullish waves rose by +336.78%. A crossing over the 1D MA50 would be a validated signal but even now, buying is worth the Risk against the potential Reward, which is the +336.78% that we're targeting (TP = 0.000045). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:PEPEUSDLong
by InvestingScope
2
$PEPE update on 1D is bullishCRYPTOCAP:PEPE is currently in a rising channel, heading towards a target of 1300. Support and resistance levels are strong, with both the MACD and RSI in an uptrend. While CRYPTOCAP:PEPE is moving up, this momentum appears to be short-term. The MACD is already high, and the RSI is nearing overbought levels, suggesting a likely rejection around 1300, after which these indicators will need to reset for the price to potentially overcome this resistance. Look at the chart to identify key support levels— CRYPTOCAP:PEPE is expected to bounce off them while the RSI and MACD reset. Compared to other altcoins, CRYPTOCAP:PEPE has pumped faster, meaning it will likely consolidate for several weeks after this short-term rise. A strong rejection at 1300 is highly probable. Despite this, the overall trend remains bullish. With a bottom formed at 600, CRYPTOCAP:PEPE appears to be in an uptrend that could last for several months.
Long
by CryptoNikkoid
2
PEPEUSD: Strong bullish wave off 1W MA50 targeting 0.000050.PEPE is overbought on its 1D technical outlook (RSI = 85.221, MACD = 0.000, ADX = 39.254) as it is up +40% today but that should have little impact on this hyper aggressive trend as it has started the new bullish wave of its long term Channel Up. The 1W RSI is rebounding in a similar manner as in February 2024, same with the 1W MACD which is posting a Bullish Cross. So far each bullish wave has been around -50% the one before it, so we expect this one to extend to +580% (TP = 0.00005) and price a new HH. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:PEPEUSDLong
by InvestingScope
🐸📈 PEPE Trading Analysis 🚀💡Market Observation: Amidst the ongoing meme coin frenzy, PEPE appears to be consolidating for a potential upward movement. With a recent higher high and temporary shift in structure away from the downside, there's anticipation for a higher low formation. Trade Setup: Entry: Consider entering the trade between $0.00000650 - $0.00000725, aiming for a favorable risk-reward ratio. Take Profit: Set profit targets at $0.000011 and $0.000013 to capture potential upside movement. Stop Loss: Place the stop loss at $0.000006 to manage risk effectively. 📊🚀 Monitor PEPE's price action closely for trade execution! #PEPETrading #CryptoAnalysis 🌐💰
Long
by Richtv_official
1