🚀 PEPE/USDT – A Breakout Brewing? 💥
Looking at the 3-hour chart, the price action is shaping up into a
falling wedge pattern. This structure, marked by lower highs and lower lows,
signals a period of consolidation with decreasing bearish momentum.
The consistent flow within this pattern suggests the asset is building pressure,
setting the stage for a potential breakout.
ACCORDING TO MY ANALYSIS :
If the price manages to break above the resistance line, it could trigger a
significant upward trend. Historically, falling wedges often precede strong bullish moves, and this could be PEPE’s moment to shine. 🚀
The TOTAL3 chart is painting a clear picture of bullish anticipation. A strong
ascending triangle pattern is forming on the 1-hour timeframe, where rising
higher lows are squeezing the price action toward a critical
horizontal resistance level. This classic structure often serves as a launchpad for bullish momentum! 🚀
The 14-period RSI is showing a strong upward trend, climbing from oversold levels into a more bullish territory. This indicates that momentum is shifting in favor of the buyers, with higher lows forming along the way a clear sign of sustained strength.
SIGNAL TYPE : LONG
Entry: 0.1974 or Market Price
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1st Tp: 0.00001977
2nd Tp: 0.00002163
3rd Tp : 0.00002314
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