$PEPE has given good amounts of returns in last 7 days. Today, I'll be going to do technical Analysis on PEPE market for the day. This is a Technical Analysis and it has nothing to do with investment.
So, guys. PEPE has a good potential today for giving us a Bearish Signal.
If you guys, look at the chart, there is a rectangular Box, which is the Horizontal Resistance Zone.
If you guys, want to buy the PEPE today, my suggestion is that (it's a suggestion only you can go according to you wish), buy PEPE only after the PEPE price crosses above $0.00001150. If the Price, crosses this zone of $0.00001150, with a big Bullish candle, there is good chance for the market moving upwards. Also, wait for the
confirmation, after the price crosses the $0.00001150, wait for the next candle formation, if the next candles formed with a green candle too, it gives you much more good confirmations, that the price will go up today.
Coming back to our topic, if you want more confirmations, whether you should buy PEPE or not today or is it going to be Bullish or Bearish, you can look for more confirmations, which I've shared here.
Again, if you look on the chart today of PEPE, I've applied the MACD indicator, now, if in the MACD indicator, if the MACD line (blue colored line) if this line crosses above the signal line, then it's a positive point that the PEPE or any market will go uptrend, and if it crosses below the signal line, it could be a red signal , that the Price may fall, If you look closely at the above pasted chart, you can see that the MACD line today has crossed above the signal line. it's a good sign giving us more confirmations.
Last, but not the least, I've applied the Moving Average Indicator too, I've applied two moving average line Indicator, the line with Bluish color in the PEPE chart, is the MA line of 7 days candle in daily (1 day) chart, and the line of Yellowish color in the Chart is MA line of 20 days candle in daily chart. Now, if our price or the Candles are above the Moving Average line (whatever line Bluish MA line or Yellowish doesn't matter) , if the candles are above the lines, then it's a bullish Signal and if the Candles are below the MA line then it's a Bearish Signal. If you look closely at the Price Chart, the candles are above the MA line, so it has a good potential of the market going upwards.
There are also other factors that will tell you about the market if it will go upwards or Downwards, like Candle stick patterns, Chart patterns , and other indicators too.
so, last and final thought if today the PEPE crosses the zone of $0.0001150, and also comparing with the indicators I've mentioned, once doing your analysis like I've shared in my article, if everything, goes along with the article, you may consider Buying PEPE or any Crypto Currency u can go with by following the fundamentals of the Technical Analysis I've shared . Also, don't forget to set the Price Alert notifications on your Binance Exchange Platform, so if the price doesn't move along according to your plan, and falls below the price you can't take more risk, the notification will help you, so that you can cancel your trade anytime. One, more thing go according to your Risk to Reward Ratio.
I know this Article has gone very much long, but I'm not recommending you to Buy or Sell any Crypto Currencies, do your analysis, don't go for Tips given by any person, who without doing any analysis tells you to Buy or Sell or Hold Something.
Be Safe always with your Money. Bye. Byee. 😊