Yes. It is true that Pepe is struggling in a descending triangle, but at the same time, it is finding support at the 200MA (daily).
I am optimistic because I see a break out very soon
In all these swings and patiente that we all us must have, I will be pessimistic if 0,0000075 is broken down. Until then, I see ETH going to 4K which will help Pepe to make a new ATH.
However, this descending triangle gives me a target of 0,000033/37 before another pullback or stop. We will see, but as I said, I am rather optimistic in the coming breakout. Looking at the compression that Pepe is having between the 200ma and the descending triangle, my guess is tomorrow Wednesday (21rd May 2025) we could see 0,000014. If not, never mind, I will buying more time.
I am optimistic because I see a break out very soon
In all these swings and patiente that we all us must have, I will be pessimistic if 0,0000075 is broken down. Until then, I see ETH going to 4K which will help Pepe to make a new ATH.
However, this descending triangle gives me a target of 0,000033/37 before another pullback or stop. We will see, but as I said, I am rather optimistic in the coming breakout. Looking at the compression that Pepe is having between the 200ma and the descending triangle, my guess is tomorrow Wednesday (21rd May 2025) we could see 0,000014. If not, never mind, I will buying more time.
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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.