PEPE has revisited the June bottom. This support area has hold strong yet again and has potential to bounce back towards the summer highs around 185. Stop placed below the recent lows will result in a nice swing trade with a R/R of around 10.
DOGE has been trading inside this bullish channel for nearly a month. Note that the top resistance of the channel is a direct copy of the bottom support line, making it a perfectly parallel channel. Stop just below the most recent low, target at the top of the channel.
CRYPTOCAP:SHIB broke through the major resistance level on the daily chart. Bullish movement to resistance level at 0.0000115$ is likely to happen.
PEPE has been trading bullish alongside the dotted support line for around a week now. This trade is based on the idea that PEPE will once again bounce from said support. The idea of the bounce is reinforced by the fact that the RSI has hit oversold on the hourly chart, which has always caused a bounce in recent history. Target at 200, stop at 159 just below the...
Take a closer look at $GRIMACE right now Short-term local forecast This trading idea is based on a commonly observed behavior of meme coins. After an initial surge, the coin tends to consolidate for a few weeks, undergoing redistribution and position accumulation. Here are some arguments in favor of the asset's potential growth towards the first target ($10): ...
Over the last couple of weeks I've made several PEPE analyses where I discussed a potential reversal of the trend. In the end it became clear that PEPE had to go lower first before a prolonged change of trend. Still, I kept a close eye on the diagonal purple resistance line. At some point PEPE has to break through it, which can potentially kick off a major...
In my most recent PEPE analysis I argued that it was likely that PEPE was forming some kind of bottom. The initial trade hit SL due to it being a bit too tight. However, the second trade is still in profit and is currently looking great. For the people who missed the last entry, a new entry signal has emerged. - PEPE is leaving the oversold (<30) area on the...
As of this morning, PEPE is trying to break through the bearish diagonal resistance line drawn on the chart. With BTC trading neutral and stocks exploding upwards, there's little holding volatile tokens like PEPE down. Speaking of volatility, once this token actually catches an uptrend, expect it to be violent. Wait for the 2H candle to close above the diagonal...
PEPE and SHIBA are arguably very much alike. Both are so called meme tokens which made incredible returns in a span of a couple of weeks. Millionaires were made here. As with all highly traded tokens, both arrived at Binance at some point in their lifetime. As with a lot of tokens, the fact that it's arrived on Binance is not necessarily bullish in the...