Value-Invest

Firm Resistance For PEPE around $0.0000014

Long
POLONIEX:PEPEUSDT   PEPE / Tether USD
Clearly we have a pretty strong resistance level around 0.0000014.

Now let's break it down to the 4 hour level. That 0.0000014 resistance level halted advances on two four hour candles.

We are seeing some support which is where PEPE bottomed out yesterday.

We look to be forming an ascending triangle with that 14 level being firm resistance. As you can see the trend line which has been in effect since saturday is quite strong and could continue to push shares higher.

Obviously I only have two weeks of chart data to work with here but one thing that every chartist would agree with is that the $0.0000014 resistance level is pretty significant and if we get a break of that level we are likely to see more upside.

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