PEPE has limited growth space, and the risk of callback is increasing?
The 30-minute and 1h analysis charts show (Figure 1, Figure 2) that it is currently in the transition between the fourth wave callback wave and the fifth wave propulsion wave of the wave theory. The 4h analysis chart (Figure 3) shows that it is currently in the transition between the fifth wave propulsion wave and the descending wave a wave. Combined with the current rectangular shape, the price fluctuates sideways between two parallel horizontal trend lines, forming an obvious trading range. It usually indicates that the buying and selling forces in the market are temporarily balanced and the trend is unclear. When the price breaks upward, it may bring about price increases, while a downward breakthrough may bring about price declines. Combined with the Bollinger Bands and the midline, the price has risen sharply in recent days, and the midline and the middle track of the Bollinger Bands are both below the price, which usually indicates that the market has strong buyer momentum in the short term, forming an upward trend. However, this rapid rise may cause technical indicators to be overbought, increasing the risk of price callbacks.
The overall conclusion is that there is room for growth in the short term, but its room for growth is limited, and its callback risk is higher. It will usher in a callback after a short-term rise, or a direct callback.
Note: If you are not in the industry, don't talk nonsense. Those who make money secretly know whether technical indicators are useful or not. Technical indicators can increase the winning rate to around 80% to a certain extent. I am not a god. If I want a 100% winning rate, I have to go far away. The national financial policy and the dealer's pull are unpredictable. If you lose money, you have to admit it. Trends are divided into short-term and long-term. In the short term, as long as there is no big fluctuation, you can hold it all the time. Although BB coin has been declining yesterday, there was a 10% increase in the middle. The air force loss > air force profit, otherwise how can the funding rate be positive? I thought technical analysis was easy. Yes, you can do it if you can.
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