Pepe Goes Bearish After 55 Days Green
2024-10-09

The move that started last week is not over, we are seeing the start of a down-wave.

The 5th of August signaled the end of a down-move. From 5-August through 29-September PEPEUSDT moved up, that's 55 days. That's a mild bullish wave. This up-wave ended abruptly and we see strong bearish action on this chart. This bearish action has been going only for 9 days. Just as the bullish move lasted 55 days, the bearish move can last anything between 22 and 27 days.

➢ I can see a lower high in September compared to July.
➢ I can see a lower low coming in October compared to August.

A major drop is developing and will show itself on the chart soon, that's the way it is.

Prepare. This wave will envelope the entire market.
Just as everything grew after the August low, everything will move down after the recent high. The market is one.

Thanks a lot for your support.

Namaste.