Frogs Don’t Just Leap, They Break Resistance!

snapshot
PEPEUSDT is showing strong bullish momentum. The price is currently trading above the EMA ribbon, which has flipped bullish, supporting the upward movement. Additionally, the descending trendline has been broken, confirming a potential trend reversal.

A bullish crossover is underway on the TSI, further reinforcing the bullish bias. Notably, a bullish divergence has formed on the TSI, signaling a potential continuation of the upward trajectory. This divergence aligns with historical levels where the price previously found resistance.

The next target to watch is the resistance at 1300. This level marks a critical point for bulls, as a breakout could trigger further upside momentum.

👨🏻‍💻💭 What do you think about PEPE's latest breakout? Let’s discuss in the comments!
_________________________________________________________________
The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
Technical IndicatorsTrend Analysis

🤖 It's time to trade smarter with 3Commas!!
📣 Sign up to get up to 10% off
👉 bit.ly/3XCInKB
Aussi sur:

Clause de non-responsabilité