Let's analyze the chart step by step to understand the current trend and make a decision on whether to hold or sell in my POV.
*Do your own research..!!!!
1. **Price Movement**:
- The price is currently at 0.00001453.
- There has been a noticeable uptrend in the recent candles, indicating a recovery from the previous low of 0.00001313.
2. **Moving Averages**:
- EMA (7): 0.00001437 (Yellow Line)
- EMA (25): 0.00001408 (Pink Line)
- EMA (99): 0.00001450 (Purple Line)
- The shorter-term EMAs (7 and 25) are below the longer-term EMA (99), indicating a generally bearish trend. However, the current price has recently crossed above the 25 EMA, suggesting a short-term bullish momentum.
3. Volume :
- 24h Volume (PEPE): 54.61T
- 24h Volume (USDT): 773.94M
- High volume can indicate strong interest and potential continuation of the current trend.
4. Indicators:
Stochastic RSI: 98.69876490 (Yellow Line), 99.15543316 (Blue Line)
- Both values are in the overbought zone (>80), suggesting a potential for a pullback.
RSI 86.94815696 (6), 73.02179770 (12), 58.93029849 (24)
- The RSI values also indicate overbought conditions, especially the 6-period RSI.
MACD DIF: 0.00000015, DEA: 0.00000004, MACD: 0.00000011
- The MACD is positive, and the histogram shows increasing green bars, indicating bullish momentum.
Conclusion:
- **Current Trend**:
- Short-term bullish momentum as seen in the price action and positive MACD. However, longer-term EMA (99) being above suggests a bearish overall trend.
- **Indicators**:
- Overbought conditions in both Stochastic RSI and RSI suggest caution, as a pullback may occur.
Hold/Sell Decision
- Given the current bullish momentum and high volume, holding could be beneficial in the short term if you're looking for higher gains. However, be aware of the overbought conditions indicating a potential pullback.
- If you prefer minimizing risk, consider selling or partially taking profits due to the overbought signals and the overall bearish trend indicated by the longer-term EMA.
