Technical Analysis Update, Pepe Coin Today 03-05-2024
Hello Everybody Welcome to my blog. Today we are going to talk about the Pepe Coin
The one-hour time frame it seems like this inversed and shoulder pretty much didn't come up to the main target but I think that this little bit of a bull flag played out and you can see that you had your flag right over here, you broke out of the flag then you went from there to there and you can see that this came up to the technical Target right on the money
I want to mention that on the 4-hour time frame, you will have a resistance line and that is up here to probably this area so I think you're going to have a difficult time trying to break it so this is going to be this resistance right over there so you are finding one big resistance that you still will need to break above so if you do break above here I believe that's when you go up to the you know to the all-time high which is 10,935 someone can even say the case is that this is a whole pattern that can push you up to maybe even 13,000 if you start to break it
Pepe had done a good job I just noticed this but this is also almost like a descending broadening wedge that Pepe had so you can see this is descending broadening wedge you came down to the lowest part of it you break above and then you went back to where the wedge is right over there at 8,146
Can this be your left shoulder head and the right shoulder do look like an inversed in shoulder as well so if you break above here then you can make it up to 13,000
I hope you like my post
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