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FieryTrading
Feb 28, 2024 12:33 PM

🔥 PEPE Inverse Head & Shoulders: Update! Long

PEPE / TetherUSBinance

Description

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At the start of the month I made an analysis on PEPE where I discussed the inverse head & shoulders pattern that has formed. Risk-seeking traders could've made a killer-entry around the purple area for a decent +300%.



I think there's still more to this move. I'm looking at a 440 target for the next 1-2 weeks. Ideally paired with a neutral/bullish Bitcoin.

Be aware that the 440 all-time high area poses a risk to bulls, as it's a very strong resistance.

Comment

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400 hit, congratulations!

I expect a minor pull-back. Will post once I spot a good entry.
Comments
dragoad
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Bingo, thanx
FieryTrading
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@dragoad cheers
abamazon3
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What is left ? which didn't sky roket yet ?
any new trading ideas?
Setupsfx_
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Great work mate, like your work.
MyCryptoParadise_Nathan
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Your insight into the inverse head & shoulders pattern was spot on
yosryelganady
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enter short now
mastrettaa
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Any update?
Artaxxxxxx
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@mastrettaa yeah, it launched. Price discovery entered the chat
iAyad4s
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Awesome analyses, thank you Sir.
Robert76583477
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thanx for chart but If we get 440 (it could be easy), what happen next? Back to 340 or dipper or go to the moon? What is more likely, why?
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