PEPE — Bullish EMA Crossover on the Daily Chart & Higher Low Forming — Yet, We Have To Wait With Our Entry!
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.
