PEPECOIN/USD Range Breakout & RetestMy previous PEPECOIN analysis was a little pre-emptive and ended in a false breakout that fully retraced the move
Since then market conditions have improved drastically and are objectively in a far better position than my previous analysis
PEPECOIN/USD showing a clear Range Breakout and is currently Retesting the top of the range as support. ETH Pairing also looking good, not quite as strong though
The Awesome Oscillator is giving some nice confluence of an impending rally, as it is close to flipping positive on the Weekly timeframe
A significant close below $3.20 is where this starts to look ugly and is likely invalidated
However, the most optimistic view would see PEPECOIN/USD closing the Month of November above $5.30 before entering price discovery in December 2024
Previous breakouts show that PEPECOIN typically blasts through all Fibonacci Extension Levels (1.618, 2.618, 3.618, 4,236). In its previous rally in early 2024, price extended 35%+ above the 4.236 level, topping out at $7.54
If price were to mirror this rally our profit targets are as following:
1.618 = $13.50
2.618 = $21.00
3.618 = $28.30
4.236 = $32.90
+35% above 4.236 = $44.40
PEPECOINWETH_DDD237.USD trade ideas
PEPECOIN/ETH Pair (Updated)
Pepecoin looking strikingly similar to price action from Feb/Mar 2024 on its ETH pair
USD pair also showing similarities, but certainly not as strong as the ETH pair
Strong S/R flips have taken place and I'm expecting to see an explosive move if these support levels continue to hold
The OG $PEPECOIN about to fire! The chart shows a double bottom pattern and the RSI is also showing bullish divergence, supporting the upward momentum.
People are mostly aware of PEPE instead of the OG $PEPECOIN. The pepe coin team is working on BASED ai so this is not just a meme coin. Know their story by watching the video by DC Roth on Youtube
Disclaimer: The information provided here is for educational purposes only and does not constitute a buy or sell recommendation. I am not a financial advisor and I reserve the right to be incorrect. Do not make trading decisions based on information from the internet. Always consult your financial advisor or conduct your own research before making any investment decisions.
this pos looks like it wants to go to .60 from hereI hope so because i have a position from .16
I could see it touching .12 its a high risk trade but the upside looks much better to me.
Also I think ETH has been underperforming for a while but that could change and if it does them ETH assets should do better.
