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LFG 🚀
$PEPE 3D Chart
📌Where we stand:
- Testing its last major resistance level
- Testing 13/21/34 EMAs as resistance
- Testing its downtrending line once again
- Testing RSI-50 level as resistance
🚥Hopeful Signs:
- Bullish Divergencies on Awesome Oscillator
- Price sitting above Hull Suite
- Bullish momentum on lower Time-Frame Price Action
🎯Targets:
The last time the price broke above the "yellow" line and above the 13/21/34 EMAs, it surged all the way to 1.272 Fib extension (this resulted in a 4.5 times increase).
However, trendlines can be somewhat subjective which is why I usually call them "memelines."
The real sign that a downtrend has ended is when the price has made its first higher-high.
⚠️Reality Check:
We're still in a downtrend and currently testing major resistances on all fronts.
The reason I'm hopeful is my belief that the time-based bottom for BTC is in and that ETHBTC is preparing for a reversal (SoonTM)
If you want to be cautious, simply wait for the price to make a higher high, and then buy at the next higher low
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