PEPE has signaled several bullish signs lately, which we will analyze in this post. However, as mentioned in previous posts, I won't enter a long trade until PEPE reaches a crucial level.
Here are all the details 👇
1️⃣ Bullish EMA Crossover: This trade signal flashes when a short-term jumps above a longer-term moving average. This usually signals a trend change and, in this case, the start of an uptrend. Although PEPE's historical data is limited, it shows that the price increased by more than 10% every time the signals flashed.
2️⃣ Higher Low (4H): If PEPE can maintain 0.000012 and reverse at this level, it has formed a higher low and a perfect launchpad to tackle the major resistance at 0.000013.
3️⃣ Bullish MACD Crossover: PEPE flashed a bullish MACD crossover a few days ago on the daily chart. The last time we had a clear crossover, PEPE added more than 120% in the following 30 days.
‼️ Why It Is Not Time To Enter, Yet: Despite the various bullish signals, one crucial aspect tells us to wait with an entry: The resistance at 0.000013. Since the beginning of June, PEPE has been rejected several times due to this resistance. Therefore, a break of this line + confirmation on a higher timeframe + (preferably) retest will be the ultimate entry signal.
Here are all the details 👇
1️⃣ Bullish EMA Crossover: This trade signal flashes when a short-term jumps above a longer-term moving average. This usually signals a trend change and, in this case, the start of an uptrend. Although PEPE's historical data is limited, it shows that the price increased by more than 10% every time the signals flashed.
2️⃣ Higher Low (4H): If PEPE can maintain 0.000012 and reverse at this level, it has formed a higher low and a perfect launchpad to tackle the major resistance at 0.000013.
3️⃣ Bullish MACD Crossover: PEPE flashed a bullish MACD crossover a few days ago on the daily chart. The last time we had a clear crossover, PEPE added more than 120% in the following 30 days.
‼️ Why It Is Not Time To Enter, Yet: Despite the various bullish signals, one crucial aspect tells us to wait with an entry: The resistance at 0.000013. Since the beginning of June, PEPE has been rejected several times due to this resistance. Therefore, a break of this line + confirmation on a higher timeframe + (preferably) retest will be the ultimate entry signal.
I'm Ben. Crypto lover, trader, and coder.
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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.
I'm Ben. Crypto lover, trader, and coder.
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
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.