Technical Analysis Update, Pepe Coin News Today | 15 January 2024

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Hello Everybody Welcome to my blog. Today we are going to talk about the Pepe Coin News Today

Let's go talk about the Pepe coin Pepe what's going to happen or what is happening with Pepe guys again we were not for a long time about this EMA 43 it was only from 9 of January till 12 so it means only 3 days on the small time frame on 3hours candles the price was about we saw what has happened that the market cap up is going down we saw some interesting movements the when the Bitcoin went down Ethereum is going up everybody's talking right now about the Ethereum ETF so we expected Ethereum is going to go up it means we'll also you know the grip will catch some other altcoins when we will see the upward movement of Ethereum we should also see the movement of Pepe I mean movement up we had a nice movement up but again we F below hopefully this is
the confirmation but we fell below this trend line therefore I made extended movement and right now we are again at this line and are below I'm not bullish bearish right now I'm not happy about what has happened that we stayed above with Pepe just for 3 days

let's go look at the big time frame this is for more important on bigger time frame we lost this blue line again we came to test it and it was confirmation that support these are the daily candles for Pepe that support became our resistance guys we fell and we went up to this level against Blue Line and rejection and we F below again EMA 43 and we are below good question bullish or bearish I'm not bullish when I'm looking at what is happening that there was a rejection from the resistance and we are below EMA 43

I am not bullish right now honestly it's more possible to see sideways movement and at this level where Pepe was traded like last couple of weeks yes from the of December from from the mid of December we have the resistance this blue line and it was here first time confirmed and here second guys rejection we will see the third time again test or testing this level and the question is where will be the bottom the bottom could be also below this weeks but we said that we are holding this area from the October yes this is this is our support

We are still holding the support we will see the movement in between blue and yellow so, therefore, I'm telling you on a bigger time frame I see sideways movement we're not going to go early to this level well we will see what is going to happen with Market cap but we are still below and only one candle was above daily one candle was close above but this candle it's not a bullish with big weeks here on upper side small body and it and the name of this candle is gravestone dodgy so it means upside movement is changing to downside movement so I'm not bullish because this is ugly candle and we saw from this candle that we didn't hold this EMA 43 and the price is falling down

I expect again we will go to test these 3,000 which is going to be support and resistance is this blue trend line because we had twice confirmation that this is our resistance which was not broken but thank you

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