PEPE - Could See A 70%+ HaircutThis market cycle has by far been the most complex for the timings of altcoins.
It would appear that the "good ol days" where they all moved together and you can buy any coin and make profit are in the past.
There have been quite a few coins that have had very bearish phases, long downtrends late into the cycle; moving against the overall market.
Meme coins did very well early on which was very appetising for pump chasers, but more recently they have been taking a battering.
PEPE is a good example of this.
Its perhaps not apparent on a log chart, but the slump from the highs is already down 70%+.
Thats not as bad as some other top flight meme coins but its still a lot.
PEPE has been printing a long term ascending wedge.
That is a bearish fractal pattern.
I think this might just get back to the retracement Golden Window (0.618-0.786).
If it does then it will be a 90% crash from the highs.
This isn't becuase I'm some saddo bear that hates crypto.
I am bullish on many top coins as well as some more dangerous ones in technical positions.
But you really have to pick them.
This is the cycle where many pump chasers get smashed.
The same goes for those who follow FA gurus. If you can't read a chart and make technical decisions; you're asking for trouble.
Not advice.
