Pepe - On the Verge of a Breakout
This is an update to our previous post:
After confirming our previous ATH as a new bottom PEPE has move up nicely. We have formed two patterns that could signal a massive breakout is coming.
The first pattern is the dotted purple line. This was a downwards sloping parallel channel that has already played out. We had the breakout followed by a perfect retest. This should signal continuation higher.
Although that pattern is in a much larger pattern. We see some sort of triangular flag pattern forming (black trendlines). If PEPE breaks to the upside, it will be very easy for it to create a new all time high. If PEPE breaks to the downside it will retest the low again.
This is a more bullish pattern so the breakout is more likely than the breakdown.
After confirming our previous ATH as a new bottom PEPE has move up nicely. We have formed two patterns that could signal a massive breakout is coming.
The first pattern is the dotted purple line. This was a downwards sloping parallel channel that has already played out. We had the breakout followed by a perfect retest. This should signal continuation higher.
Although that pattern is in a much larger pattern. We see some sort of triangular flag pattern forming (black trendlines). If PEPE breaks to the upside, it will be very easy for it to create a new all time high. If PEPE breaks to the downside it will retest the low again.
This is a more bullish pattern so the breakout is more likely than the breakdown.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.