🐸PEPE token, which was once in the shadow of other famous meme coins in the market, has now become the leading meme coin in the market with its growth of about 136% in the last week.
🐸However, the resurgence of the cryptocurrency market is not the only reason for the significant growth of PEPE, and the role of the X social network, where more than 53,000 posts about this token have been published in the past few days and has become a platform for discussions and recommendations for investing in PEPE.
🚀PEPE is looking to create a New All-Time High(ATH) after breaking the 🟢Support zone🟢.
🌊According to Elliott's wave theory, PEPE seems to have completed the main wave 3 and is currently completing the main wave 4.
🌊Wave 4 can end near the Support line, and if this happens, we can expect PEPE to have a stronger wave 5. Otherwise, wave 4 can probably end at 38.2% Fibonacci.
📈In terms of Classical Technical Analysis, PEPE has formed an Inverse Head and Shoulders Pattern, and the 🎯Target of this pattern🎯 can be one of the Targets of the end of wave 5.
🔔I expect PEPE to make a New All-Time High(ATH) after the completion of wave 4 and possibly rise to at least 🟡Potential Reversal Zone(PRZ)🟡.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
PEPE Analyze (PEPEUSDT), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Zlecenie aktywne
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Transakcja zamknięta: osiągnięto wyznaczony cel
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Komentarz
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The target will probably hit 100%, but I closed a little earlier.
Transakcja zamknięta: osiągnięto wyznaczony cel
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Inverse Head and Shoulders Pattern's Target Done
Komentarz
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We have to wait for Pepe's correction, which will likely decrease by $0.0000028.