The bullish bias for PEPEUSDT is starting to intensify, still early of course. It is still early on this one because the action is still lower than the 19-May high. There are many projects that are already trading above their last high. So it is good news to find a pair that is moving below because we know that soon it will be moving above. In the coming days.
While the 19-May wick high reached 0.00001632, the weekly close happened at 0.00001361. As you can see from the chart, the current price is already higher than the highest weekly close and this gives us a strong bullish signal.
Notice again how the action moved above EMA89 back in mid-April. When the retrace happened, May-June, the recovery happened above this level. A signal of strength.
PEPEUSDT moved briefly below EMA55 only two recover and this is the second week above this level. Trading weekly above EMA55 & EMA89 means that the bullish bias is fully confirmed. A fully confirmed bullish bias means we are set to witness a higher high, and a higher high means prices moving above 0.00001953, short-term. In a matter of days.
The main target for this move is 0.00004264 giving us a nice 217%. With 5X leverage, relatively low risk, that would be beyond 11X (1,085%).
In a matter of days, the entire altcoins market will be bullish and moving higher. Make sure you are fully invested by the time everybody is rushing to buy. That is, you should be all-in now. It is not too late.
Thank you for reading and for your continued support, it is truly appreciated.
Namaste.
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