PepeUSD has recently formed an inverse head and shoulders pattern, indicating a potential reversal of the previous downtrend. After breaking the resistance, the price action suggests the formation of a cup and handle pattern, signaling a continuation of the bullish trend.
Entry:
Consider entering a long position above the handle's resistance level, around...
Description:
PepeUSDT has recently touched its first resistance level and is now forming a cup and handle pattern, indicating potential bullish continuation. The cup and handle pattern suggests a period of consolidation followed by a breakout towards higher resistance levels. Traders may consider entering a long position with a target at the second resistance...
I believe PEPE/USDT has reached its bottom, and I'm expecting a significant upward movement towards the Fibonacci extension level of 1.618. This assessment is based on my analysis of the market trends and technical indicators, suggesting a potential bullish trend ahead.
