PEPE upside swing within the rang expected above 0.0000013700


Market & Ticker: Bitcoin - PEPE/USDT 


Date: 15/05/2023 
Horizon / Timing:  Short-term / 1 to 8 Days 

PEPE developed a large upside move in the past 4 weeks offering opportunity in high volatility context. On short-term perspective we identified a first key support to watch at 0.0000013700 where a significant upside swing is expected to reach the first key Fibonacci resistance area at 0.0000026300. 




As long as 0.0000013700 remains valid (Hourly close) we expected a recovery from 0.000001580 entry level towards 0.000002300 and 0,0000028400 Maximum 


Technical Key Elements: 


- Key moving average and RSI are flattening calling for range configuration 
- Elliot wave is calling for a corrective pattern in 3 waves a,b,c = range 
- Key Fibonacci resistance is defined at 0,0000026300 
- Key Fibonacci support is defined at 0,0000013700 

Trade Idea conclusion: Buy



Target 2: 0,0000028400 (78%) 

Target 1: 0,0000026300 (65%) 

Buy: add in dip area 0.000001580 

Stop: 0.0000013700 (-13%) 




Chart: Hourly Basis (Candle Stick) - Logarithmic  

Indicators: Exponential Moving Average (21/34/89) - RSI (21) 




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