Cold Blooded Charter
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Bullish
$PEPE breaks out from the Triangle I was talking about yesterday, and currently has not just one but two bullish patterns broken to the upside, look left on 1D to see that the Bullish Pennant has never been invalidated, according to the TA rules.
Some traders would remove it after a slow and weak breakout but not me. This crap is staying in the chart as I will need its Target if we keep going up, and that Target is much higher than that of the Triangle breakout (triangle: $0.0000329, which is... 64% higher than the current valuation).
Many people will rush into the memecoins without even checking charts, but what I see here is this, the 2 breakouts are on-going, the Daily RSI is breaking out and above the Bearish trendline yet still remains in Neutral here. We need this to go above 60 to attempt the serious stuff that I want to see:
The Market Structure change back to bullish. We had a higher low, so that's a start, but we need a higher high backed by more volume than today.
The $0.0000225 mark HAS to be flipped into support, and possibly retested, the daily close is all that matters here.
The VRVP profile (red / green strips to the right of the price action) is showing lots of resistance all the way up to the 225 level.
So, crossing above it will do a lot of things: flip the Market Structure bullish, flip the greatest horizontal s/r into support, and surely push RSI thru 60 and also into very bullish territory.
Zoom in on the 2-hourly chart, we clearly see another breakout going on, the Falling Wedge (targetting $0.0000210, expect some friction there). This breakout is nearly complete, and I wanna see the reaction here, 210 and then 225 final test.
2-Hourly RSI remains in a bull mode ever since breaking its Downtrend yesterday, has crossed above 70, with enough room to attempt to do sth similar to $DOGE in recent days.
$0.0000283 remains $PEPE 's ATH recorded last month. Expecting lots of resistance before a potential moon-ride again.
Waiting for stars to align, no position yet, stay tuned. You do you, enter because you love the Frog, do itđœđ
Some traders would remove it after a slow and weak breakout but not me. This crap is staying in the chart as I will need its Target if we keep going up, and that Target is much higher than that of the Triangle breakout (triangle: $0.0000329, which is... 64% higher than the current valuation).
Many people will rush into the memecoins without even checking charts, but what I see here is this, the 2 breakouts are on-going, the Daily RSI is breaking out and above the Bearish trendline yet still remains in Neutral here. We need this to go above 60 to attempt the serious stuff that I want to see:
The Market Structure change back to bullish. We had a higher low, so that's a start, but we need a higher high backed by more volume than today.
The $0.0000225 mark HAS to be flipped into support, and possibly retested, the daily close is all that matters here.
The VRVP profile (red / green strips to the right of the price action) is showing lots of resistance all the way up to the 225 level.
So, crossing above it will do a lot of things: flip the Market Structure bullish, flip the greatest horizontal s/r into support, and surely push RSI thru 60 and also into very bullish territory.
Zoom in on the 2-hourly chart, we clearly see another breakout going on, the Falling Wedge (targetting $0.0000210, expect some friction there). This breakout is nearly complete, and I wanna see the reaction here, 210 and then 225 final test.
2-Hourly RSI remains in a bull mode ever since breaking its Downtrend yesterday, has crossed above 70, with enough room to attempt to do sth similar to $DOGE in recent days.
$0.0000283 remains $PEPE 's ATH recorded last month. Expecting lots of resistance before a potential moon-ride again.
Waiting for stars to align, no position yet, stay tuned. You do you, enter because you love the Frog, do itđœđ
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