Initially, PEPE showed a powerful impulsive rally formed through an inverse Head and Shoulders reversal pattern. However, at the top a clear Head and Shoulders pattern has appeared, signaling a potential macro reversal.
Locally, the price is forming a bearish flag, which supports the continuation of the downtrend. Based on the current market structure, I do not recommend buying PEPE at these levels.
My expected downside target:
➡️ 0.000002 – 0.0000016 USDT zone
Locally, the price is forming a bearish flag, which supports the continuation of the downtrend. Based on the current market structure, I do not recommend buying PEPE at these levels.
My expected downside target:
➡️ 0.000002 – 0.0000016 USDT zone
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.