PEPE / TetherUSLong
🔥 PEPE Inverse Head & Shoulders Update: Now Or Never
Zaktualizowano
Recently I made an analysis on PEPE and the potential inverse head & shoulders formation that was forming. As of now, the price has reached the yellow area, which would be the ideal point to form the right shoulder.
With an RSI hitting oversold levels, it's a now-or-never moment for PEPE. If we can make a move above 160 in the next couple of hours, the inverse head & shoulders in play. If we fall further, the probability for this pattern to play out will decrease.
Patient traders will wait for the price to break through the neckline. Aggressive traders will scale in around the current area.
With an RSI hitting oversold levels, it's a now-or-never moment for PEPE. If we can make a move above 160 in the next couple of hours, the inverse head & shoulders in play. If we fall further, the probability for this pattern to play out will decrease.
Patient traders will wait for the price to break through the neckline. Aggressive traders will scale in around the current area.
Uwaga
And there's the pump we waited for. Big move from the indicated yellow reversal area. Head & shoulders reversal almost confirmed!
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