đš Next Trade to Watch: PEPE â What Is Price Action Saying?
đ Candlestick Analysis
Over the past few days, PEPE has been climbing steadily, reaching a new higher highs. However, yesterdayâs candlestick closed as a dragonfly doji, signaling a potential tug of war between buyers and sellers.
Sellers attempted to push prices lower, but buyers managed to bring it back to the opening level.
If todayâs candle closes below the doji, this could signal the start of a downtrend (evening star formation).
đ Stochastic/RSI Analysis
Momentum and price should typically move together, but weâre now observing a bearish divergence:
The price reached a higher high.
Both Stochastic and RSI oscillators formed lower highs.
Key Insight: If todayâs candle closes below the previous doji, it could confirm a possible downtrend đ.
â ïž Note: This is not a confirmed signal yetâit's a potential forecast. Always exercise patience and proper risk management when trading.
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