A clever move with $PEPE ? đ€«
Even though a kind of bearish feeling ripples the surface of this new week, I feel #bullish about Pepe. There is a lot of evidence for a near bull run in the next week and this might represent a chance for investment now (as always, just my 50c đ):
- according to some platforms, trading volume increased around 34% in the last 24 hours while active accounts only decreased by about 24% - so, where did the volume go to, and who takes advantage of this situation? đ€
- the pattern seems to show a movement which is similar to before May. This gives space to those that believe in a negative trend because of the ascending trend line - which resulted in a high in May (see the 61.8% Fibonacci retracement level drawn from a low of $0.0000393 on April 13th to a high of $0.0000172 on May 27th)
- Pepe mostly follows the pattern of $BTC which is trading inside a descending channel, drawn from multiple swing highs and lows in the last 8â10 weeks. There are predictions for a bullish movement to come
All in all, always #DYOR and atb for a challenging and successful start to the new week.
