Today I want to look at the PEPE token(PEPEUSDT), which is part of the memecoin category, and provide you with a short-term analysis on the 1-hour timeframe.
PEPE token is trading in Potential Reversal Zone(PRZ)[$0.0000133-$0.0000128].
In terms of Elliott wave theory, the PEPE token appears to be completing the microwave 5 of the main wave C. The structure is a Zigzag Correction(ABC/5-3-5).
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
I expect the PEPE token to attack the Support zone($0.0000120-$0.0000108) after completing the main wave C.
Note: Stop Loss = $0.0000362
Please respect each other's ideas and express them politely if you agree or disagree.
Pepe Analyze (PEPEUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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