PEPE - Important Lines
Quickly wanted to provide the important trendlines for PEPE.
After the breakout to the upside we saw one successful retest that was outlined in this post:
Also focus on our green trendline. It acted as a level of support for most of the uptrend, the price had a breakdown, retested it twice as new resistance, and we have seen price fall ever since.
Now with this recent drawdown we are looking for a second successful test of the white trendline. If we cannot hold it as support price could drop all the way to our purple line again that represents our previous ATH.
After the breakout to the upside we saw one successful retest that was outlined in this post:
Also focus on our green trendline. It acted as a level of support for most of the uptrend, the price had a breakdown, retested it twice as new resistance, and we have seen price fall ever since.
Now with this recent drawdown we are looking for a second successful test of the white trendline. If we cannot hold it as support price could drop all the way to our purple line again that represents our previous ATH.
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