I am not an expert, I only did my analysis of 2 possibilities, one up and the other down.
Which of the 2 do you think is happening first?
Avoid losses with good research on the DYOR market.
TanjiroCripto
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#PEPE It has a tremendous resistance of 800 to 815, this point is key, I am not an expert but I did an analysis, it may or may not be accurate, but it makes a little sense.
Since it reached its maximum of 1084, it began to fall, so draw a line with the maximum touch that it has had (Line B1), the first minimum that it had was at point X1, from there draw the line with the lowest minimum that it had. has had (Line A1).
After that it started to rise again, but after reaching 800 (maximum 815), it encountered a resistance that made it retreat again, almost 48 hours have passed and it cannot pass this resistance.
This new climb has surpassed Line B1, which traced a climb but with a downward orientation, which is why I have drawn a diaganal that marks a possible ascent if it manages to overcome the barrier indicated by the blue circle. With that I make an assumption of increases that PEPE could experience if it passes this barrier, potentially reaching a maximum of 1300.
On the other hand, if he does not manage to overcome the barrier, he would be on the line of descent again, with the possibility that there will be an even bigger fall than the previous one.
This is my analysis, as I said I am not an expert but I see the possibilities that may occur in the market, perhaps the market itself has taught us that it is not possible to accurately predict what will happen.
Be attentive and learn to manage your portfolio to reduce the risks of losses, even your own investigation (DYOR).
If you liked my content, follow.
$PEPE
Since it reached its maximum of 1084, it began to fall, so draw a line with the maximum touch that it has had (Line B1), the first minimum that it had was at point X1, from there draw the line with the lowest minimum that it had. has had (Line A1).
After that it started to rise again, but after reaching 800 (maximum 815), it encountered a resistance that made it retreat again, almost 48 hours have passed and it cannot pass this resistance.
This new climb has surpassed Line B1, which traced a climb but with a downward orientation, which is why I have drawn a diaganal that marks a possible ascent if it manages to overcome the barrier indicated by the blue circle. With that I make an assumption of increases that PEPE could experience if it passes this barrier, potentially reaching a maximum of 1300.
On the other hand, if he does not manage to overcome the barrier, he would be on the line of descent again, with the possibility that there will be an even bigger fall than the previous one.
This is my analysis, as I said I am not an expert but I see the possibilities that may occur in the market, perhaps the market itself has taught us that it is not possible to accurately predict what will happen.
Be attentive and learn to manage your portfolio to reduce the risks of losses, even your own investigation (DYOR).
If you liked my content, follow.
$PEPE
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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