Could PEPE Be Set for an Imminent Breakout? Analyst Weighs In
Release: 2024/02/11 16:59 Reading: 967
- PEPE formed an H&S pattern and the TD Sequential suggested a buy signal.
- A retest of $0.000001199 could be possible if PEPE flips $0.000001055.
- Higher highs on the MACD could trigger a rally to $0.00000280.
Technical analyst Ali Martinez posted on February 10 that Pepe (PEPE) has issued a buy signal on the 3-day timeframe. To make this conclusion, Martinez had formed a Head-and-Shoulder (H&S) pattern on the said chart.
For context, an H&S pattern appears when a set of three peaks and troughs is formed. Here, the peak at the center represents that head while the other two indicate the shoulder. From the chart Martinez shared, the pattern has signaled a bearish-to-bullish reversal for PEPE.
Indicators Hint at a Solid Rally
Another indicator that reinforced the prediction was the Tom DeMark (TD) Sequential. According to the analyst, th…
The post Could PEPE Be Set for an Imminent Breakout? Analyst Weighs In appeared first on Coin Edition.
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