🔥 PEPE Falling Wedge: Patience For Break Out

2 Ağu 2023

After topping around 190, PEPE has been trading bearish for nearly a month. During this period, a falling wedge pattern has emerged on the chart. Falling wedges are classically bullish reversal patterns, so we're going to wait for a bullish break out of the pattern.

My expectation is that we're still going down. The 115 area seems like a decent area for a potential bounce from the wedge's support. Once we've broken out, stop below the wedge, target at 190.

8 Ağu 2023

Not

Break out!