DESCENDING TRIANGLE $PEPEUSDT -50% drop
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Is
PEPE in a Descending Triangle?
Yes i believePEPE is in a large BEARISH DESCENDING TRIANGLE that has the potential to dump PEPE -50%.
What is a descending triangle?
In Descending Triangle Chart Patterns there is a string of lower highs. This pattern is formed with a trend line that is sloping and a flat or a horizontal support line at the bottom. The pattern emerges as a price bounces off the support level at least twice.
How accurate is trading a descending triangle pattern?
Glad you asked, a descending triangle is a powerful technical analysis pattern with a predictive accuracy of 87%.
Conclusion
Well as i have illustrated in the chart above and described in the description box i believe we are in a descending triangle. Everything in the market seems to make sense forPEPE to see a massive sell off along with 
ETH and BTC. Expect to see MAJOR bounce around $0.0000003700's level which is where i will be LONGING PEPE. As far as a timeframe on how long it may be until we see a break down is hard to predict. The PEPE breakdown will likely be ignited by ETH and 
BTC sell offs. A way to measure this would be once eth breaks $1,600 its likely that PEPE will follow suit and dump alongside BTC and other major altcoins.
Thanks, LiquidMEX
Is
PEPE in a Descending Triangle? Yes i believe
PEPE is in a large BEARISH DESCENDING TRIANGLE that has the potential to dump PEPE -50%.What is a descending triangle?
In Descending Triangle Chart Patterns there is a string of lower highs. This pattern is formed with a trend line that is sloping and a flat or a horizontal support line at the bottom. The pattern emerges as a price bounces off the support level at least twice.
How accurate is trading a descending triangle pattern?
Glad you asked, a descending triangle is a powerful technical analysis pattern with a predictive accuracy of 87%.
Conclusion
Well as i have illustrated in the chart above and described in the description box i believe we are in a descending triangle. Everything in the market seems to make sense for
PEPE to see a massive sell off along with ETH and BTC. Expect to see MAJOR bounce around $0.0000003700's level which is where i will be LONGING PEPE. As far as a timeframe on how long it may be until we see a break down is hard to predict. The PEPE breakdown will likely be ignited by ETH and BTC sell offs. A way to measure this would be once eth breaks $1,600 its likely that PEPE will follow suit and dump alongside BTC and other major altcoins.Thanks, LiquidMEX
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