PEPE is showing signs of a continuity of bullish momentum
Harmonic bullish reversal move:
Before starting the analysis of PEPE, I would like to share with you my most recent trade signal for PEPE, which I shared few hours ago. That was a harmonic bullish reversal Gartley move, which PEPE formed on a 4-hour time frame, and recently it has begun a successful bullish reversal form the potential reversal zone of this move.
Massive Breakout from the channel:
On a daily time frame chart, from may 2023 to June 2023 the priceline of PEPE coin has been moving inside a long down channel, and finally on 20th of June 2023, the priceline of the leading meme coin broke out the resistance of this channel and rallied more than 131%. But during this move the price got rejected by the long term resistance of $ 0.00000190 and formed another down channel.
2nd channel breakout:
Now from July 2023 to September 2023, PEPE was moving inside in another down channel, and during this move to the downside there was a fake out happened, and price got rejected by a very long term resistance zone, which starts from $ 0.00000136 and goes to $ 0.00000146. After this rejection PEPE re-entered the same down channel now on 22nd of September it has broken out this channel as well.
Inverse H & S breakout:
Recently on a 4-hour time frame PEPE has broken out an Inverse Head & Shoulder pattern and now the price is getting accumulated above the neckline of this inverse head & Shoulder.
Targets:
Now if we take a look at the targets for all these patterns and breakouts, then the expected target for inverse Head & Shoulder is $ 0.00000082, and the recent channel’s breakout targets is $ 0.00000095, and the target for the breakout from the oldest channel, which was happened in the month of June 2023 is $ 0.00000210.
Conclusion:
PEPE is showing the sign of a continuity of the bullish momentum, because it has broken out a long down channel after 77 days, and recently broke out another inverse Head & Shoulder, moreover, after breaking out the head and shoulder pattern it also formed harmonic bullish reversal pattern and started another reverse from the potential reversal zone of this pattern as well.
Before starting the analysis of PEPE, I would like to share with you my most recent trade signal for PEPE, which I shared few hours ago. That was a harmonic bullish reversal Gartley move, which PEPE formed on a 4-hour time frame, and recently it has begun a successful bullish reversal form the potential reversal zone of this move.
Massive Breakout from the channel:
On a daily time frame chart, from may 2023 to June 2023 the priceline of PEPE coin has been moving inside a long down channel, and finally on 20th of June 2023, the priceline of the leading meme coin broke out the resistance of this channel and rallied more than 131%. But during this move the price got rejected by the long term resistance of $ 0.00000190 and formed another down channel.
2nd channel breakout:
Now from July 2023 to September 2023, PEPE was moving inside in another down channel, and during this move to the downside there was a fake out happened, and price got rejected by a very long term resistance zone, which starts from $ 0.00000136 and goes to $ 0.00000146. After this rejection PEPE re-entered the same down channel now on 22nd of September it has broken out this channel as well.
Inverse H & S breakout:
Recently on a 4-hour time frame PEPE has broken out an Inverse Head & Shoulder pattern and now the price is getting accumulated above the neckline of this inverse head & Shoulder.
Targets:
Now if we take a look at the targets for all these patterns and breakouts, then the expected target for inverse Head & Shoulder is $ 0.00000082, and the recent channel’s breakout targets is $ 0.00000095, and the target for the breakout from the oldest channel, which was happened in the month of June 2023 is $ 0.00000210.
Conclusion:
PEPE is showing the sign of a continuity of the bullish momentum, because it has broken out a long down channel after 77 days, and recently broke out another inverse Head & Shoulder, moreover, after breaking out the head and shoulder pattern it also formed harmonic bullish reversal pattern and started another reverse from the potential reversal zone of this pattern as well.
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน