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Pepe

PEPE new high short-term?! Breakout potential! 07.05.2023Will keep this short. Market cap is passed 1 BILLION, Binance has it listed. Huge whales buying into it. Technicals: We have an ascending trend-line with consistent higher highs and lows. We have a falling wedge pattern with a close above resistance. MACD showing bullish divergence RSI showing bullish divergence Close above 0.0000030 on 1H close could be signal for strong buy entry Close below 00000025 on 1H close could be shift of trend to sell/short down to 0.0000019 This is not trading advice//Purely educational//Pure speculation//Do your own research//Invest wisely and be cautious
Long
by Exactus
4
🔥 PEPE vs SHIBA: Comparing Two Meme Tokens' First DaysPEPE 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 short-term. The announcement is bullish, but once trading opens there's a high probability for a dump. Buy the rumor sell the news. SHIB dropped nearly 90% in the first month after it arrived on Binance. PEPE has dropped around 65% within the first 4 days. Although there's definitely a decent probability for a nice reversal, we should also consider the fact that PEPE can drop much lower. On the other hand, once PEPE has stabilized it would likely be a decent time to start buying in anticipation for a potential pump (10x!) like SHIB. Remember that PEPE will most likely follow a different path than SHIB did back in 2021. Trading based on fractals is ill-advised, but can still offer some guidance on what we can potentially expect.
Short
by FieryTrading
14