#Technical Analysis
PEPE/USDT
📌(June 18)
🔹 Price: 0.00001004 USDT (slight recovery from 0.00000993)
🔹 General Trend: 🔴 Bearish (confirmed by SMA50, MACD, SAR and weak ADX)
🔹 Momentum: RSI(37.5) and CCI(-128.9) in oversold, but no bullish divergences yet.
🔹 Volume: High volume with SMA9 at 2677 (possible accumulation).
🔹 Ichimoku Cloud: Price below the cloud (strong resistance).
🔹 Immediate Support: 0.00000993 (Day's LO).
🔹 Resistance: 0.00001031 (Day's HO) and SMA50.
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🎯 Possible Scenarios:
1️⃣ Short Term Recovery (Bullish Rebound):
- If RSI comes out of oversold and price breaks 0.00001031 (HO), it could look for EMA50.
- Entry: 0.00001010 (confirmation with volume).
- SL: 0.00000990 (below recent low).
- TP1: 0.00001050 (Ichimoku resistance).
- TP2: 0.00001100 (if it exceeds SMA50).
2️⃣ Bearish Continuation:
- If the price loses 0.00000993, next support at 0.00000950.
- Short entry: 0.00000995 (with confirmation of low volume).
- SL: 0.00001020 (above HO).
- TP: 0.00000950 (psychological support).
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📊 Indicators:
- MACD: Bearish cross, but histogram close to 0 (possible exhaustion).
- OBV: SMA9 stable (no strong distribution).
- BBands: Price near the lower band (probable rebound).
- Cloud Ichimoku: Red (resistance at 0.00001050).
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⚠️
🔸 Neutral-Bearish bias until the price exceeds 0.00001031 with volume.
🔸 Rebound opportunity if the RSI turns up and the MACD reduces divergence.
🔸 High risk if the market remains in "risk-off" mode.
🔎 Observe: Reaction at SMA50 and daily close above 0.00001004.
🚨
Remember:
Cryptocurrency trading carries a high risk. (DYOR)
#Analysis_E_tp_sl
vc_custy
🫖☕️😎
