Technical Analysis Update, Pepe Coin Today 17-08-2024

x3-comments (69)in #btc • 4 months ago

Hello Everybody Welcome to my blog. Today we are going to talk about the Pepe Coin

Hi, friends Pepe at the moment At a 4-hour time frame here I have noticed that Pepe is creating one channel and this is the channel that we've seen so far as the start of resistance and then you have your down to support right over there us touch the support move back up go down touch the support and you might end up coming up here maybe go down or break above

there is something you have to be careful about perhaps Pepe or in general I do see a lot of altcoins still hinting that a 50% drop is about to happen 50% drop is about to happen and it may sound like a bad thing but I am going to tell you why it may be a good thing I normally never recommend the thing is that Pepe here form it does end up having a bare flag you move down you try to push up a little bit

here so if we are talking about the bare flag itself then this could mean we are probably looking to come down to 48 39 and why not because is another support level that you do have for Pepe you can see that this is a trend line going down it matches with the fact that you're coming down here now this is going to be a V,strong Zone

the trend line and see that you do have one big support right over here as well so that's where you have your support level going on so that's going to be down at 473