🔥 PEPE Falling Wedge: Ideal Reversal Point Long

PEPE / TetherUSBinance

Description

⋅ May 8, 2023 1:34 PM

PEPE is one of the hottest tokens at the moment, which makes it a very attractive token to scout for potential entries.

PEPE has hit its first hourly oversold moment since it started trading on Binance. This has often been a great time to step into volatile tokens.

Furthermore, PEPE appears to be trading in some sort of falling wedge pattern, which is a bullish reversal pattern.

If BTC will stop dumping, I'm confident that PEPE will move towards the top resistance of the pattern, potentially even break out through it.

Comment

⋅ May 8, 2023 6:19 PM

RIP.

Comment

⋅ May 8, 2023 8:45 PM

4H oversold bounce happening as we speak. Could be a longer-term bottom, but we have to see.

Comments

Solldy

⋅ May 8, 2023 6:53 PM

Thanks for sharing your view of technical analysis) I look forward to more analysis of this asset!

ProjectSyndicate

⋅ May 10, 2023 10:28 AM

strong compression in progress

TradingShot

⋅ May 9, 2023 5:54 PM

Solid technical pattern, I've seen it work countless times on other assets as well.

LegionQ8

⋅ May 9, 2023 12:47 PM

great buddy, I think you are right

CobraVanguard

⋅ May 9, 2023 12:29 PM

great lovely

DeGRAM

⋅ May 9, 2023 11:23 AM

Thank you. Like it

TradingBrokersView

⋅ May 9, 2023 11:04 AM

Noted, let's see how it goes.

TheCryptagon

⋅ May 9, 2023 10:23 AM

Very good analysis, thank you.

WalterMoon

⋅ May 9, 2023 9:47 AM

Nice PEPEUSDT explanation mate

InvestingScope

⋅ May 9, 2023 9:42 AM

Not the most common proposition based on the current market conditions. Generally, it is possible assuming all arguments work out, so thumbs up just for this!