PEPE is about to break

20 juin 2023

PEPE has lost 80% of value since being listed.

Today, with the rise of BTC, PEPE is at the breaking point to escape the descending broadening wedge pattern.

On 12TF, the volume indicators CMF and MFI had already broken their trendlines. This implies that buy pressure has increase slowly and possibly the local bottom is set.

A trade setup is as in chart with TP (blue lines) and SL (red line)

20 juin 2023

Transaction en cours

21 juin 2023

Note

+13% since entry

The break-out was done without big volume and BTC faces strong resistance at $30000.

Be ready if PEPE would retest the broken trendline.

21 juin 2023

Note

+26% since entry
TP1 done

21 juin 2023

Note

+48% since entry
TP2 done

22 juin 2023

Note

+58% since entry
TP3 done

23 juin 2023

Note

If PEPE would reach the final target $0.000002 on weekend?
20% more to go!

25 juin 2023

Note

PEPE has been consolidating during these weekends. It's likely that a bullish pennant is being formed. Another leg up to surpass the final target?

27 juin 2023

Note

PEPE is breaking out the bull flag (updated)

28 juin 2023

Note

The bull flag has failed. Here below what i'm watching: the current support 0.00136 should hold so that consolidation continues before a potential leg-up.

29 juin 2023

Note

PEPE is bouncing well

30 juin 2023

Note

Update:

1 juil. 2023

Note

PEPE is still in consolidation for another leg up, in my opinion

3 juil. 2023

Note

SOS (Sign Of Strength) is on-going

7 juil. 2023

Trade fermée manuellement

I closed this trade due to weakness of BTC