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DewyCandles

PEPE BULLS BACK A NEW ALL TIME HIGH - 1DTF ANALYSIS - SCENARIO 2

Long
Pepe/Tether (GATEIO:PEPEUSDT)  
DewyCandles  
GATEIO:PEPEUSDT   Pepe/Tether
Trend Analysis Wave Analysis Chart Patterns
12
0
trendanalysis waveanalysis chartpattern

This is my top scenario being scenario 1. It suggests that presently the bears are weak and the bullish are taking over price from this moment unlike the second scenario where price has to reach further down before making a new all-time high (see scenario 1 for context).

This scenario shows that we are in X-yellow (Expanded Flat), and price will be drawing towards $0.0000021 for certain although it might extend from there to $0.000006 (temporal new high) before returning down to complete wave Y-yellow of wave B-cyan at the 60% Fibonacci level.
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