Technical Analysis Update, Pepe Coin Today 30-4-2024

x3-comments (67)in #btc • 22 days ago

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

Hello Pepe again is above this little bit of resistance you're broken out here and right now Bitcoin has been making some few bad candles and Pepe as well as making some few bad candles along the way so I was looking at this little bit of a junction going on so Pepe right now you can say that was trading inside this little bit of a pennant dropped to the downside it came back up to retest that trend line but unfortunately if you just notice what the retest is doing here

You have already made a rejection so this is a rejection and probably it's time to retest this trend line which is at 569 if you do end up coming down 569 it's not going to be a big surprise but you may see a dramatic fall if Pepe comes all down to 388 and if you start to lose 388 take this stop loss out then I think The next big support down is going to be I think 240

388 is still your big support in in my opinion so this was your previous High 363 if I do drop that little bit of a trend line right there you can expect P if Bitcoin also drops to 50,000$ then we may see a dramatic fall one more time to 359 or something like that now this can be a very very good place to enter if it does fall there but at least for now before we even go down to that technical Target

If you start to do something like you just go down all the way you are at 56 you take out 56 and then you know you continue to maybe all these low levels right over there in the future