Moorsc0de

PEPE on the RUN- ATH's

Long
Moorsc0de Updated   
PEPE is back. I've had some very good calls on PEPE. Many ppl joke about it, but its these small alt coins that often do and can out perform bitcoin. It was just a couple of weeks ago there was a small move that reaped some profits that was published. Well now we have All Time High's and right at the perfect time for PEPE to Shine. This move will have some resistive barriers along the way and they may prove to be significant, but the long play is up. The Gann box has 2 resistive points here. The top 786 line may be one to watch for. The 618 as well. However if PEPE gets thru these it will make a a 97% gain to the top of the box. Risky (mos def), but the goal here is to make some profits.
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Trade entered 5-21-2024 approx: 3:44 UTC- 10k.
Comment:
Very high probability this re-enters the Gann box esp if BTC price retracts. However ETH ETF news could propel BTC price up at which point ALT coins follow along.
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WE have some liftoff effect!
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Approaching 1st area of possible resistance. 1500 sats.
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Up 23%.. if PEPE can get thru this 1st level resistance its going to be super nice.
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PEPE breaks thru the 1st possible resistance point. Id like to see more confirmation above this point, but as long as we are above the 1550 sats wPPE has a green light to proceed to the next possible resistance point (2nd red line)... 1850 sats.
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PEPE had a brief reset on RSI. Still needs to get over 1550 sats to be strong bullish. Trend has not changed yet. With the RSI reset and where price is right now (1492 sats) a new cycle of support is possibly being formed and so this still looks very good - esp if price can go over 1550 and even bounce off that 1550 sats or settle at 1470 sats and continue upwards. Any extended period below 1470 sats without any action- OR continued rejections fo 1550 sats would not be considered strong price action IMO. Some target dates for moves: May 31 thru June 6th for bigger moves.
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Price maintains over 1470 sats- still looking healthy. Its not full force bullish, but its healthy trading range for such action. Just a waiting game right now it seems.
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RSI alert triggered- PEPE above 1550 sats! Very good price action... bullish momentum confirmed and on the date noted above. Looks good so far!
Comment:
We got a volatile jump and immediate pullback... below the target- back to non bullish area.
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Price consolidation failed- steep drop down, but expecting a bounce out of this at 50% support.
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An unknown cryptocurrency whale bought 231.6 billion PEPE tokens from Kraken, valued at about $2.9 million.
The whale has bought a total of 750.34B PEPE ($8.34M) from #Kraken at an average price of $0.00001111 since Mar 16, 2024
The whale's recent investment indicates a strong belief in PEPE's potential for further growth. This is notable given the token's already impressive gains. The speculation is that this whale expects more upward movement, possibly driven by bullish market trends.
Key point IMO is where the buy took place approx 1200 sats. This is also the same place the bounce occurred and also where a new subcycle begins. Its the demarcation to
the previous ATH's as well. It is also the same price point where we do not re-enter into the old harmonic.. even after the retracement- the price remained above this point.
Coincidence? PEPE currently 1250 sats and rising.
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4 confirmed bounces at 12oo sats- Hsa support set in?

Moorsc0de aka Crypt0nomics aka Zaphkiel
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