PEPE is about to break

PEPE has lost 80% of value since being listed.

Today, with the rise of BTC, PEPE is at the breaking point to escape the descending broadening wedge pattern.

On 12TF, the volume indicators CMF and MFI had already broken their trendlines. This implies that buy pressure has increase slowly and possibly the local bottom is set.

A trade setup is as in chart with TP (blue lines) and SL (red line)

Trade attivo

Commento:

+13% since entry

The break-out was done without big volume and BTC faces strong resistance at $30000.

Be ready if PEPE would retest the broken trendline.

Commento:

+26% since entry
TP1 done

Commento:

+48% since entry
TP2 done

Commento:

+58% since entry
TP3 done

Commento:

If PEPE would reach the final target $0.000002 on weekend?
20% more to go!

Commento:

PEPE has been consolidating during these weekends. It's likely that a bullish pennant is being formed. Another leg up to surpass the final target?

Commento:

PEPE is breaking out the bull flag (updated)

Commento:

The bull flag has failed. Here below what i'm watching: the current support 0.00136 should hold so that consolidation continues before a potential leg-up.

Commento:

PEPE is bouncing well

Commento:

Update:

Commento:

PEPE is still in consolidation for another leg up, in my opinion

Commento:

SOS (Sign Of Strength) is on-going

Trade chiuso manualmente:

I closed this trade due to weakness of BTC