PEPE : FULL BEAR Mode (⊙_⊙;)

١٦ أغسطس

PEPE is in the middle of a solid bearish market (According to Wycoff Method Chart Analysis).

With the RSI in the daily under 50, the price continues to be bearish. It is likely that PEPE will retest the next major demand zone, where a potential bounce could be found as buying pressure can be expected on this demand zone.


From a technical indicator perspective, we see a clear flash to "SELL" in the weekly timeframe as the price loses the trendline and the trendline now turns RED.


The price can only be considered bullish once the price starts closing candles ABOVE the trendline, at which point the trendline will turn green again.

____________________________
PEPEUSDT