PEPE still in Decending Chanel but there is hope
PEPE is in the huge Decending Chanel and it's almost weekend. What can we distract from the charts.
Before we look into PEPE charts I've check BTC and we are still in de sideways accumalation channel there. On the other hand we see this massive AcendingTriangle that must break out soon.
The question here is will ik go up or down. Again is friday and most weekends aren't that strong.
Inside the AT we can find a Faling Wedge at the end... Those tend to break out to the upside. But again almost weekend.. Will it crawl up along the slope of the AT for a huge break out by monday. Or does it break down and grap more liquidity to gain momentum.
Now the PEPE chart
PEPE is still in de decending chanel. It did bounce on the Golden Pocket of the fib range so it tends to go up a bit. On the other hand we lost the support yesterday and that is now the resistance. On the lower time frames we could make some kind of double bottom but that is not a textbook version so trusting it is gambling.
Lets see if we can get a reversal pattern like an Inverse Head & Shoulders or a nice Cup and Handle.
Before we look into PEPE charts I've check BTC and we are still in de sideways accumalation channel there. On the other hand we see this massive AcendingTriangle that must break out soon.
The question here is will ik go up or down. Again is friday and most weekends aren't that strong.
Inside the AT we can find a Faling Wedge at the end... Those tend to break out to the upside. But again almost weekend.. Will it crawl up along the slope of the AT for a huge break out by monday. Or does it break down and grap more liquidity to gain momentum.
Now the PEPE chart
PEPE is still in de decending chanel. It did bounce on the Golden Pocket of the fib range so it tends to go up a bit. On the other hand we lost the support yesterday and that is now the resistance. On the lower time frames we could make some kind of double bottom but that is not a textbook version so trusting it is gambling.
Lets see if we can get a reversal pattern like an Inverse Head & Shoulders or a nice Cup and Handle.
Penafian
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