Good morning followers of #PEPE !!

Many will be wondering what is happening, but the true representation of collective thought, news and otherwise, is represented by the graph, everything.

Let's take inspiration from a very particular indicator, the GANN indicator.

The Gann fan, devised by W.D. Gann in the early 20th century, is a technical analysis tool used to identify potential support and resistance levels, as well as reversal price areas in financial markets. It is based on the idea that markets move in geometric and cyclical patterns, and that these patterns can be used to predict future price movements.

How the Gann fan works:

The Gann fan is made up of several diagonal lines radiating out from a starting point, typically a significant low or high on the price chart. These lines are angled in specific degrees, the most common being:

1x1: 45 degree angle, represents a movement of one price unit for one unit of time.

1x2, 1x3, 1x4: Represent movements of two, three or four price units for a unit of time.

2x1, 3x1, 4x1: Represent movements of half, a third or a quarter of a price unit for a unit of time.

The points of intersection between these lines and the price chart are considered potential support and resistance levels, where the price could reverse its trend.

Interpretation of the Gann fan:

Upward trend: If the price bounces off a support line of the Gann fan and continues to rise, it may indicate the continuation of the uptrend. Downward trend: If the price encounters a resistance line of the Gann fan and reverses its trend, it could indicate the beginning of a bearish trend. Areas of reversal: The areas of intersection of different lines of the fan can represent areas of potential price reversal.

Below we can see the one described above on #pepe⚡