1000PEPE 1D Analysis
For the past 3 weeks 
1000PEPEUSDT.P has been in a slump, last week in particular with consecutive red daily candles. I have slight bias towards longs, while open to shorts.
Here is the Fibonacci I am watching with a local VP showing a POC of .01200 <- A target.
Closing above the 0.786 Fib provides grounds for a return to the 0.5 Fib, which is also the local bearish 0.618 Fib from the $0.013 poor highs.
Price being closer to the low still gives me a bias for longs, but if we move to 0.382 or 0.5 I will be cautious for shorts.
Here I have a few ideas for a long.
I will be watching 12H,4H & 30min + 5min structure for precision entries.
The CC indicator (Top) is showing a 0.84 to
BTCUSDT.P (over the past 50ohlc4) Suggesting a very close correlation to Bitty. Regardless of the key level BTC chooses, 
PEPEUSD will likely require Bitty bullish structure there.
ADR (Bottom) over the past 100 candles showing these moves will take time to develop, days to weeks/months.
Zooming in to a 30minute; I spy with my little eye, poor lows ripe for the taking. Note the Daily 0.786 Fib is also the golden pocket from our 30m low. Watch for the hidden bull div on the 30minute RSI. However, 12H buyside with a 1D 0.618 right above may provide a perfect opportunity to short before we move that low. Of course, look for good structure & data driven edge such as OI or NL/S for entries.
1000PEPEUSDT.P has been in a slump, last week in particular with consecutive red daily candles. I have slight bias towards longs, while open to shorts. Here is the Fibonacci I am watching with a local VP showing a POC of .01200 <- A target.
Closing above the 0.786 Fib provides grounds for a return to the 0.5 Fib, which is also the local bearish 0.618 Fib from the $0.013 poor highs.
Price being closer to the low still gives me a bias for longs, but if we move to 0.382 or 0.5 I will be cautious for shorts.
Here I have a few ideas for a long.
I will be watching 12H,4H & 30min + 5min structure for precision entries.
The CC indicator (Top) is showing a 0.84 to
BTCUSDT.P (over the past 50ohlc4) Suggesting a very close correlation to Bitty. Regardless of the key level BTC chooses, PEPEUSD will likely require Bitty bullish structure there.ADR (Bottom) over the past 100 candles showing these moves will take time to develop, days to weeks/months.
Zooming in to a 30minute; I spy with my little eye, poor lows ripe for the taking. Note the Daily 0.786 Fib is also the golden pocket from our 30m low. Watch for the hidden bull div on the 30minute RSI. However, 12H buyside with a 1D 0.618 right above may provide a perfect opportunity to short before we move that low. Of course, look for good structure & data driven edge such as OI or NL/S for entries.
הערה
Watching some long opportunities from this low.
הערה
הערה
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.