Analysis of the #PEPE /USDT chart on the 8-hour timeframe
1. Forecast of price movements (short-term, medium-term)
Short-term forecast: The price is likely to continue testing the resistance level, which is located at around 0.0000125. If the price breaks this level, a short-term increase to 0.0000140 is possible.
Medium-term forecast: If the short-term growth is confirmed and the price consolidates above 0.0000140, further growth is possible to the level of 0.0000160. Otherwise, if the attempt to break through the resistance fails, a rollback to the support level 0.0000105 is possible.
2. Support and resistance levels
Support: 0.0000105, 0.0000090
Resistance: 0.0000125, 0.0000140, 0.0000160
3. Possible entry, exit, stop loss points for a long position
Entry point (long): Upon breakdown and consolidation above 0.0000125.
Exit point (long): 0.0000140 and 0.0000160.
Stop loss (long): Below 0.0000105.
4. Possible entry, exit, stop loss points for short positions
Entry point (shorts): When rolling back from the level of 0.0000125 with confirmation for a decline.
Exit point (shorts): 0.0000105 and 0.0000090.
Stop loss (short): Above 0.0000125.
5. Long and short scenario, probability assessment
Long scenario: Breakout of the level 0.0000125 and consolidation above. The probability of success of this scenario in the current analysis is about 60%, given the current trend and indicators.
Short scenario: Rebound from the level 0.0000125 and rollback to support 0.0000105. The probability of this scenario is about 40% if the price fails to break through resistance.
Indicators taken into account
Anchored Volume Profile: Shows significant volumes at the 0.0000105 and 0.0000125 levels.
Ichimoku Cloud: The cloud shows resistance at 0.0000125, confirming the importance of this level.
Parabolic SAR: Indicates a possible continuation of the current upward trend.
EMA: Moving averages confirm a possible upward trend with a breakdown of 0.0000125.
YK Round Levels: Levels coincide with identified supports and resistances.
RSI: Indicates possible overbought conditions at 70, which requires caution when taking long positions.
External factors and data
Liquidation Heatmap: Liquidation rates show significant liquidation levels at the 0.0000125 and 0.0000140 levels.
Exchange Reserve: An increase in Exchange Reserve over the last 7 days indicates possible selling pressure.
Net Deposits on Exchanges: A rise in net deposits on exchanges also indicates a possible increase in supply.
Capital inflows: A predominance of capital outflows may mean decreased interest in the asset.
Influx of large holders: The influx of large holders over the last 7 days indicates the possible interest of large players.
Growth of active addresses and new addresses: The growth of these indicators confirms the increasing interest in the asset.
Trading volume: An increase in trading volume confirms high activity and interest in the asset.
Conclusion
The probability of the long scenario being realized is 60%, taking into account current market conditions and technical indicators. The short scenario has a probability of implementation of about 40%, which requires caution and careful monitoring of resistance and support levels. Subscribe so you don't miss the latest news and analytical reviews! 😉👍 ➡️@INVESTIDEAUA INVESTIDEAUA
