PEPE - Falling Wedge

12 Eyl

Massive falling wedge forming on PEPE's daily timeframe. A break above could confirm the breakout and send us back to the highs. Falling wedge's are generally bullish patterns that are formed when price forms a series of lower high and lower lows. Once a higher high is formed, it usually signals the reversal of the downtrend.

This PEPE analysis is also supported by the weekly chart which I will post next.