看空

DESCENDING TRIANGLE $PEPEUSDT -50% drop

Hello crypto fam! I hope everyone is having not only a wonderful but also profitable day trading. Make sure to smash that LIKE and FOLLOW!

Is $FWB:PEPE in a Descending Triangle?

Yes i believe $FWB:PEPE is in a large BEARISH DESCENDING TRIANGLE that has the potential to dump $FWB:PEPE -50%.

What is a descending triangle?

In Descending Triangle Chart Patterns there is a string of lower highs. This pattern is formed with a trend line that is sloping and a flat or a horizontal support line at the bottom. The pattern emerges as a price bounces off the support level at least twice.

How accurate is trading a descending triangle pattern?

Glad you asked, a descending triangle is a powerful technical analysis pattern with a predictive accuracy of 87%.

Conclusion

Well as i have illustrated in the chart above and described in the description box i believe we are in a descending triangle. Everything in the market seems to make sense for $FWB:PEPE to see a massive sell off along with and $BTC. Expect to see MAJOR bounce around $0.0000003700's level which is where i will be LONGING $PEPE. As far as a timeframe on how long it may be until we see a break down is hard to predict. The $FWB:PEPE breakdown will likely be ignited by and sell offs. A way to measure this would be once eth breaks $1,600 its likely that $FWB:PEPE will follow suit and dump alongside and other major altcoins.

Thanks, LiquidMEX