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Meme Coin Pepe shows signs of stunning Currently full of uncertainty. This bullish mark is reflected in the expected penetration of Pepe for 800 EMA, a sign of the upscale reflection.
This bullish state of Baby It was noted for the first time By a borrowed coding analyst on the name SLICK on the social media platform X. 800 EMA, which was like a Large resistance level Labib Prices are now tested, as they are tested again after a long time.
Pepe Eyes 800 Ema Breakout after weeks of rejection
Pepe shows signs of a potential upward reflection, as the price moves towards the critical technical level that can Reorting its path in the short term. This critical technical level is highlighted through the technical analysis of the 800 EMA index.
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Since January 19, PEPE has been constantly circulated under 800 EMA, a trend that kept the price defeated despite many attempts to break a higher fracture. However, the recent prices indicate that this lengthy declining structure may approach its end.
The moving averages converge more than previous attempts. The current preparation shows a stronger alignment between the short and long -term Emas, indicating the weak resistance and increases the possibility of ascending outbreaks. However, this attempt to break the 800 EMA is the most convincing on the time frame of the candlestick for 15 minutes, and it was not yet clear in the larger time frames.
Will this snowball a larger time reflection?
The question is whether the Pepe's Breakout at the top of 800 EMA on the graph for 15 minutes will sparked a wider transformation in the momentum across the higher time frames. Short -term homes such as this preliminary reversal of the larger direction, especially when they are compatible with technical indicators such as EMAS.
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A Successful outbreak here It can lead to high levels of time frame to play, which means long -term momentum. However, there is still a risk of rejecting the PEPE price in 800 EMA, even in the time frame for 15 minutes on the candles. As shown in the price scheme above, this was really rejection Twice happened this monthOnce in the beginning of January and again on January 11.
However, the current test is more surprising because the other EMAS, including 200 EMA, is now closely close than it was during the previous failed collapse. This alignment indicates that the resistance may weaken and increase the possibility of a higher decisive step.
At the time of writing this report, Baby is trading at $ 0.000009829, an increase of 3.13 % in the past 24 hours. The increase in the past 24 hours is a positive signal for a 15 -minute break from EMA to the larger time frames.
However, there is still a job to do, as Pepe has now decreased by 3.85 % in a seven -day time frame. there Also noticeable resistance At 0.00001019 dollars can delay any other step in the upward direction.
Distinctive image from Istock, Chart from TradingView.com
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