PEPE is back. I've had some very good calls on PEPE. Many ppl joke about it, but its these small alt coins that often do and can out perform bitcoin. It was just a couple of weeks ago there was a small move that reaped some profits that was published. Well now we have All Time High's and right at the perfect time for PEPE to Shine. This move will have some resistive barriers along the way and they may prove to be significant, but the long play is up. The Gann box has 2 resistive points here. The top 786 line may be one to watch for. The 618 as well. However if PEPE gets thru these it will make a a 97% gain to the top of the box. Risky (mos def), but the goal here is to make some profits.
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Trade entered 5-21-2024 approx: 3:44 UTC- 10k.
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Very high probability this re-enters the Gann box esp if BTC price retracts. However ETH ETF news could propel BTC price up at which point ALT coins follow along.
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WE have some liftoff effect!
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Approaching 1st area of possible resistance. 1500 sats.
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Up 23%.. if PEPE can get thru this 1st level resistance its going to be super nice.
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PEPE breaks thru the 1st possible resistance point. Id like to see more confirmation above this point, but as long as we are above the 1550 sats wPPE has a green light to proceed to the next possible resistance point (2nd red line)... 1850 sats.
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PEPE had a brief reset on RSI. Still needs to get over 1550 sats to be strong bullish. Trend has not changed yet. With the RSI reset and where price is right now (1492 sats) a new cycle of support is possibly being formed and so this still looks very good - esp if price can go over 1550 and even bounce off that 1550 sats or settle at 1470 sats and continue upwards. Any extended period below 1470 sats without any action- OR continued rejections fo 1550 sats would not be considered strong price action IMO. Some target dates for moves: May 31 thru June 6th for bigger moves.
Moorsc0de aka Crypt0nomics aka Zaphkiel
