PEPE is breaking out of a 3 wave correction and the next wave up appears to be underway.
Not advice
Not advice
Comment:
PEPE
Might recover but starting to look a bit dangerous after the correction led to a "bump & roll" SRP Shakeout Reversal Pattern.
As I said in the weekend video, the party may be coming to an end soon for coins that have already pumped hard like this.
We'll see, and perhaps this downtrend will also become a correction, but since TOTAL hit the magic ratio 2.272 extension, messing with coins like this is akin to playing with fire at this point 🤨.
Might recover but starting to look a bit dangerous after the correction led to a "bump & roll" SRP Shakeout Reversal Pattern.
As I said in the weekend video, the party may be coming to an end soon for coins that have already pumped hard like this.
We'll see, and perhaps this downtrend will also become a correction, but since TOTAL hit the magic ratio 2.272 extension, messing with coins like this is akin to playing with fire at this point 🤨.
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Things are starting to move again and here PEPE looks like it is breaking up from a shallow 3 wave correction.
It looks like this area now amounts to a WXY correction and we're ready for the next wave up.
The shallowness of the Y wave also suggests an upside impulse is in the pipeline.
This is a "risk profile 4 of 5" coin in its current position and there is plenty of risk attached.
But looks like the next wave up may already be underway.
And if it is then it will probably be an extremely wild one 👍.