DewyCandles

BEFOR E YOU GET TOO EXCITED ABOUT PEPE SEE THIS

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DewyCandles Updated   
GATEIO:PEPEUSDT   Pepe/Tether

Just few days ago I posted a scenario and we saw price move towards it in over 7% but if you have been following me you will know by now that I am not a static analyst and I tend to be unbiased as possible as I can be.

Another thing I teach often is knowing all possible turn price can take at any point in time so you don't get caught unaware hence this scenario.

In this scenario PEPEUSDT price might decide to go retest our entry or most importantly create a new swing low thereby creating a wedge pattern for classical analyst and an ENDING DIAGONAL for an ELLIOTWAVE THEORIST.

There is a new invalidation for this scenario however to guide us both at the top and at the bottom thereby have total control of our fate as to wherever price may turn.
Trade active:
This again proves my point when I say it is good to always have all the scenarios as price unfolds to know and prepare for the unexpected. One would have thought the long awaited bull run short to mid term bull run has began few days ago but I posted this possible scenario of price revisiting or creating new low and now we are almost at it.

However the invalidation level remains the same for this scenario as it is our primary scenario.

PEPEUSDT will make that spike when it tires the weak out it will happen when it is least expected just like it did from the beginning since I have been predicting all moves right from bottom.

See previous analysis on pepe for context.
Comment:
looks like we are having the last leg down now before the primary direction PEPEUSDT
Comment:
whatever has been going on for the past weeks is about to end either to reach the set target or to invalidate the whole thing. Any which way expect some volatility. My bias remains the same for now for PEPEUSDT
Trade active:
like is said just a while ago it has began for PEPEUSDT

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