PEPE - Weekly Reversal Looks Likely
Based on our previous post we are watching for price to breakout of our daily falling wedge to confirm this reversal.
On the weekly chart things are starting to look great. We have seen a full retracement from our high to the 0.618 (known as the golden ratio). This would be a perfect place for price to bottom out at before starting the next leg of the bull. We have also seen a perfect doji reversal candle form on the binance chart which could add more fuel to this fire.
One final thought is on the 3D chart. I have added a screenshot of the 3D chart (on the left) with the 100 MA (burgundy line). This has been a massive level of support (it was the final low before the original 1000%+ pump) and currently price is continuing to be supported at this level.
On the weekly chart things are starting to look great. We have seen a full retracement from our high to the 0.618 (known as the golden ratio). This would be a perfect place for price to bottom out at before starting the next leg of the bull. We have also seen a perfect doji reversal candle form on the binance chart which could add more fuel to this fire.
One final thought is on the 3D chart. I have added a screenshot of the 3D chart (on the left) with the 100 MA (burgundy line). This has been a massive level of support (it was the final low before the original 1000%+ pump) and currently price is continuing to be supported at this level.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.