Analyzing Pepecoin (PEP) on the daily timeframethe price is currently in a downtrend and approaching a significant support zone marked in green. This area aligns with both the monthly and weekly opening prices, suggesting a strong support level. If the price reaches this zone, it could attract buyers, potentially pushing the price upward.
Key Points:
Current Trend: Downward movement towards the green support zone.
Support Zone: Coincides with monthly and weekly opening prices, indicating potential strong support.
Potential Action: Monitor for bullish confirmation signals upon price reaching the support zone before considering a long position.
Always ensure proper risk management and wait for clear confirmation before entering a trade
PEPEUSDT
PEPEUSDT
To Whom It May Concern,
This is the meme coin PEPE on perpetual, using high leverage for meme coin degens. On the daily time frame, things are looking bearish. Yesterday closed with a red doji, and today started in the red. This bearish action is unfolding just below the 200-day moving average and the black resistance.
"Volume is also low, which reinforces my bearish outlook!"
I don't know about you, but to me, this looks bearish. Do you have a different opinion? Feel free to share it in the comments!
Not financial advice. Stay safe!
$PEPEUSDT Set to Soar After Strong Retest!BINANCE:1000PEPEUSDT.P is demonstrating solid strength following a trend breakout and subsequent retracement. With positive momentum building, it looks poised for a significant move, likely following in the footsteps of DOGE. Traders should keep an eye on key levels as BINANCE:PEPEUSDT prepares for potential big upswings, similar to what we've seen with $DOGEUSDT.
As always, remember to use a stop loss and invest only a small portion of your capital to manage risk effectively.
$1000PEPEUSDT Currently trading at $0.0096
Buy level: Above $0.0093
Stop loss: Below $0.0077
TP1: $0.01
TP2: $0.012
TP3: $0.013
TP4: $0.017
Max Leverage 3x
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PEPEUSDT consolidation before potential JumpPEPEUSDT has recently established a fake breakout at the previous support level, forming a double bottom pattern. Since the beginning of the month, the pair has been consolidating following an impulse move, which suggests potential accumulation. On the daily timeframe, an inverse head and shoulders pattern is visible, signaling a possible reversal. If the price retests the support level and holds, it may gain the momentum needed to break through the downward channel. The target for this potential bullish move is the resistance zone around 0.0000108
PEPE Premium Signal. Get ready! +300%Get ready for another price surge on this frog! Meme coins are the main drivers of this season. Don't ignore it. We've got some powerful news, a large number of holders. New players in 2024 will come to the market to buy Pepe. And then it's all about putting the money into more fundamental projects. 🐸🚀
Pepe's bullish era is overOn the chart, as you can see PEPE has a liquidity pool at the bottom of the chart and is about to break the liquidity pool below the candles.
This bullish wave can be considered an internal structure and pullback.
By maintaining the red range, it can drop towards the demand range
Closing a daily candle above the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
PEPE Long Position (Higher Lows & Support FlipMarket Context: PEPE is forming higher lows above the 21 EMA, flipping resistance into support, indicating potential momentum for the next leg up. We're looking for consolidation around the current support zone and a potential breakout of the $0.000011 resistance level.
Trade Setup:
Entry: Around the current support zone
Take Profit:
First target: $0.000011 - $0.00001134
Second target: $0.00001250 - $0.00001280
This trade is based on the expectation of price coiling and breaking resistance for further upside expansion. #PEPE #Crypto #SupportFlip #EMA
PEPEUSDT is the star with high potential Hello and greetings to all the crypto enthusiasts, ✌
Pepe coin is one of the most promising assets in the market, attracting a massive amount of investment over the past few months. In addition to that, it has a very strong team backing it on social media and other platforms. 📚🙌
Its technical chart shows a steady upward trend, and it is currently positioned in an ascending channel. The most important support levels have been marked for you on the chart, and if new volume is injected into the market, we can expect a significant upward movement. 📚🎉
In the event of a decline, the target is indicated with a lighter arrow on the chart. 👌📚
🧨🧨🧨 Our team's main opinion is for further upward movement, with the possibility of observing neutral and ranging candles shortly. 🧨🧨🧨
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
PEPE Is Looking SEXY MartyBoots here , I have been trading for 17 years and sharing my thoughts on PEPE .
Pepe is looking beautiful , very sexy chart for more upside
Very similar to Bigtime which is up nearly 30% today
Do not miss out on PEPE as this is a great opportunity
Watch videos for more details
PEPE’s Next Move: Anticipating a Correction Amidst OvervaluationIn the wake of the recent rally in BINANCE:BTCUSDT , BINANCE:1000PEPEUSDT.P has followed suit, joining the upward momentum and achieving fresh higher highs. Looking at historical patterns, it's plausible that we could witness a 10% retracement in the coming days, as corrections have been common following similar surges. Furthermore, we’ve been tracking a month-long upward trend where strategic pullbacks have consistently set the stage for new highs, reinforcing the potential for a short-term decline.
The current price action appears somewhat inflated, especially when considering key indicators such as the EMA200 and Bollinger Bands , both of which suggest overvaluation at this stage. With these confluences in mind, I foresee a potential move towards filling the imbalance that has been left behind by recent price spikes.
For this setup, I have identified two target profit zones:
TP1: 0.0100676
TP2: 0.0096963
To manage risk, the stop-loss is placed at 0.0112460, allowing for a balanced approach that accounts for market volatility while still capturing potential downside movement.
Can we witness a PEPE breakout in the nearest future?As the third biggest meme coin in the industry, the Pepe has a market cap of $1.16 billion. Currently, the meme coin is trading at $0.00001055, asserting dominance over the psychological mark.
PEPE has increased by 2.34% in the past 24 hours and teases a cup-and-handle pattern breakout in the daily chart. The neckline of the trend continuation pattern aligns with the 50% Fibonacci level at $0.00001670.
With a bullish bounce back from the 50-day EMA, the ongoing bull cycle is close to approaching the neckline level. With a golden crossover in the 50-day EMA gaining momentum, the daily RSI line continues an uptrend above the 50% line. Hence, the technical indicators support the possibility of an upside continuation.
Based on the Fibonacci levels, the cup-and-handle pattern breakout will likely reach the 100% Fibonacci level at $0.00001697. Optimistically, if the bullish trend continues by the end of the month, the 1.2725 Fibonacci level at $0.00001943 is a potential price target.
PEPE/USDT - Potential Breakdown from Ascending Channelhello guys.
Price Action:
PEPE/USDT is currently trading within an ascending channel but showing signs of a potential breakdown.
The price has been rejected from the top of the channel and is now hovering near the support zone around 0.00000918 USDT.
Support and Resistance:
Key support lies around 0.00000860 USDT as shown in the highlighted box. If the price breaks below this level, a sharper drop is likely.
The next major support zone is between 0.00000770 USDT and 0.00000740 USDT, where the price might stabilize if the breakdown continues.
Bearish Scenario:
The chart suggests a possible breakdown if the price fails to hold above the current support levels. The descending arrow highlights the potential path to lower support zones.
If the breakdown happens, price could fall toward the 0.00000755 - 0.00000717 USDT zone, possibly testing the lower boundaries of the channel.
Bullish Scenario:
A reversal could occur if the price manages to hold above 0.00000918 USDT and reclaims its previous high near 0.00000980 USDT, but this would require strong buying momentum.
PEPE price stability in doubt as market momentum fadesPEPE price is showing signs of weakening momentum. Key technical indicators suggest the recent uptrend is losing steam. As a result, the coin has fallen almost 10% in the last 24 hours.
Additionally, short-term price indicators, such as the EMA lines, remain neutral, signaling that PEPE may test important support levels in the near future. While the possibility of a downward move exists, a resurgence in bullish momentum could push PEPE toward retesting key resistance levels.
PEPE’s ADX has dropped to 18.86, a sharp decline from its peak of 58.52 on September 30, when PEPE was trading at $0.00001147.
Such a low ADX value indicates that the price is likely ranging within a narrow band, neither gaining nor losing much ground. This aligns with the idea that PEPE is in a period of reduced volatility, even as one of the biggest meme coins in the market.
The sharp drop in ADX also confirms that the strong trend observed in late September has faded, leaving PEPE without a clear directional force. That makes it more susceptible to sideways trading or minor fluctuations until a new trend emerges.
This downward tilt suggests that the bullish momentum is weakening, and a potential shift could be on the horizon. If the current price action continues in this neutral to slightly bearish direction, PEPE might test the support level at $0.00000835 in the coming days. Should this support fail to hold, the price could drop further, with the next strong support at $0.00000776.
However, if bullish momentum picks up again, PEPE price could challenge the resistance at $0.0000119. For now, the market remains in a state of uncertainty, and traders are likely waiting for a clearer signal to determine the next move.
#PEPE Double bottom bullish structure📊#PEPE Double bottom bullish structure 📈
🧠We can see from the daily chart that an obvious double bottom bullish structure has been established, so a good pullback is a good time for us to enter.
➡️We still have 20% of the long order we got on the 3rd. Because our entry point is very good and it is already in a risky state, we can withstand the possible pullback and then look forward to greater profits.
➡️This season may be ignited by the MEME series, so it is worth our ambush and expectation.
Let's see 👀
🤜If you like my analysis, please like 💖 and share 💬
💕 Follow me so you don't miss out on any signals and analyze 💯
BINANCE:1000PEPEUSDT.P
PEPE Prepares for Parabolic Growth: Bullish Momentum Building PEPE’s price action is following a classic Elliott Wave structure, with Wave 1 now complete, followed by an ABC correction, which also appears to have finished. This signals that we’re now entering Wave 3 of a larger degree trend (marked yellow), with Waves 1 and 2 behind us.
Zooming in, the Roman numeral wave count (white) shows the completion of Wave 1 of 3 of the higher degree trend, with i (green) forming the current wave. Once i completes, we can expect a brief ABC correction, followed by parabolic growth in Wave 3.
It’s exciting to see a meme coin like PEPE following such a strong bullish trajectory. The overall outlook is highly promising, and this setup could lead to significant upside potential!
PEPE + BNB Will Moon Just Like ETH Did In 2017 17 year experienced trader here sharing my thoughts to help the crypto community.
As everyone knows this is a very important time for the market as we are approaching the end of the 3rd year of the 4 year cycle . Year 4 has always been ALTSEASON . The charts I am sharing with you are setting up to have HUGE runs into 2025. In teh video I share with you my reasoning on why this meme coin and BNB will explode higher just like ETH did back in 2017 . ETH was the the daddy back then and now MEME coins are the hot narratives (look at how many meme coins that Binance have listed) and there is a reason for it . Meme coins are bring in heavy trading volume for exchanges creating good revenue and they also bring in new crypto people to the community , we have seen xrp bring in millions of people , then we seen DOGE bring in millions of people then SHIB and then PEPE . Each ALTSEASON it has been a new meme coin that helps bring in and grow the crypto community so this time will be no different . This time we have new coins like NEIRO that can moon also but that is for another video .
Do not sleep on these coins and if u need any help or have any questions please just send me a message and I will be happy to try my best to help .
Have a great weekend
MartyBoots
PEPE → Potential Rebound at Key Support Zonehello guys.
Descending Resistance Line: The price broke above a long-standing descending resistance line but is now retesting this line, which could act as support.
Support Zone ($0.00000077 - $0.00000074): The price is approaching a strong support area highlighted in the chart, which has been previously tested multiple times. If the price reaches this zone, a potential rebound is expected.
Bearish Retest and Pullback: There's a bearish pullback after a recent rally, with the possibility of retesting the resistance line or lower support levels before any significant upward movement.
Bullish Scenario: Should the price successfully bounce off the support zone, a strong recovery is anticipated, with a potential upward move towards $0.00000110 or higher, as illustrated on the chart.
RSI Indicator: The RSI is in the lower range, suggesting the asset is nearing oversold territory, which might contribute to a reversal in the coming sessions.
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and
Crypto in October is "UPTOBER" by OfficialPapaRicoThere was an imbalance on the 4-hour chart that also bounced right off the 61% level. This is a long-term trade and will hopefully break new highs within the next 6 months to 4 years.
This is not financial advice but I would highly invest in buying crypto and storing it in a cold wallet. CryptoBubbles.net is also a great platform to see the top 1000 coins to invest in. This is a great time to invest in at least 10 different coins.
Good luck guys and see you next year in 2025
- OfficialPapaRico
- October 6, 2024
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.