Pepe's weekly chart is starting to look incredible.
Our green line represents where the weekly candles closed at our previous ATH which is now acting as a weekly level of new support! If you take away the candles and view the line chart you will see that PEPE is flipping that old resistance into new support!
Pepe also tested the 21 weekly MA and has bounced from here so far.
I have also added some of the key fib levels of our current trend. Price needs to reclaim the 0.236 red fib level (last weeks closes). Then we have the 0.5 fib level (recent wick highs). If price can get above the 0.618 we should see a test of the high followed by a potential breakout to the 1.618 level!
Our green line represents where the weekly candles closed at our previous ATH which is now acting as a weekly level of new support! If you take away the candles and view the line chart you will see that PEPE is flipping that old resistance into new support!
Pepe also tested the 21 weekly MA and has bounced from here so far.
I have also added some of the key fib levels of our current trend. Price needs to reclaim the 0.236 red fib level (last weeks closes). Then we have the 0.5 fib level (recent wick highs). If price can get above the 0.618 we should see a test of the high followed by a potential breakout to the 1.618 level!
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