Elliott Wave Analysis: $PEPE
Current Phase: Likely in Wave 4, consolidating between $0.00002460 (support) and $0.00002700 (resistance). A breakout or breakdown will confirm the next move.
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Key Scenarios
1. Bullish (Wave 5 Continuation):
Trigger: Break above $0.00002700.
Targets: $0.00002754, then $0.00002800.
Stop-Loss: Below $0.00002460.
2. Bearish (ABC Correction):
Trigger: Break below $0.00002460.
Targets: $0.00002400, then $0.00002160.
Stop-Loss: Above $0.00002520.
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Conclusion: Watch for a breakout above $0.00002700 to confirm bullish momentum or a breakdown below $0.00002460 for deeper retracement.
