PEPE is about to break

20 giu 2023

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)

20 giu 2023

Trade attivo

21 giu 2023

Nota

+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.

21 giu 2023

Nota

+26% since entry
TP1 done

21 giu 2023

Nota

+48% since entry
TP2 done

22 giu 2023

Nota

+58% since entry
TP3 done

23 giu 2023

Nota

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

25 giu 2023

Nota

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?

27 giu 2023

Nota

PEPE is breaking out the bull flag (updated)

28 giu 2023

Nota

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.

29 giu 2023

Nota

PEPE is bouncing well

30 giu 2023

Nota

Update:

1 lug 2023

Nota

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

3 lug 2023

Nota

SOS (Sign Of Strength) is on-going

7 lug 2023

Trade chiuso manualmente

I closed this trade due to weakness of BTC