$PEPE 📢 Pay Attention. This Is Important.
📈 From Bullish Flag & Pole pattern to Ascending channel. Pepe is staying strong above it's crucial support levels on the daily chart.
📊 Now even after hitting a low of $0.00000889, yesterday's closing was above $0.000009 which is the immediate support . Moving ahead the weekly candle left a long wick, casting a huge upper shadow which proves profit taking kicked in after elimination of a zero and reaching new highs for 3 consecutive days.
📌 The perspective will shift slightly which I mentioned above. When it broke out of the flag and pole pattern, the move went steady with small retracements and formed an ascending channel (the green parallel lines) that is bullish on the daily time frame.
📌 Following all the series of events, this week kicks in with an upside today, trading around $0.00000940 more than 2% up for the day.
📌 So let me keep this very simple, staying above support 1 is crucial with the day's closing above this level. Even if Pepe breaks this level, it'll take support on the lower trendline of the channel and continue it's upside move. Indicators are doing just fine.
No sluggishness or any kind of selling pressure can be seen. Unless any geopolitical scenario comes in and spoils the party, Pepe is doing just fine. 💲💸
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