Alikze »» PEPE | The next rally - 1D
2024-11-15

🔍 Technical analysis:  The next rally, Wave 3 or C bullish scenario - 1D 

- It is moving in an ascending channel in the daily time frame.

- After hitting the ceiling of the channel, the price faced a zigzag correction, which faced buying pressure in the demand range.

- In the daily time frame, a movement cycle has been completed up to the ceiling of the channel, after which the correction has been completed with a zigzag correction in the range of the green box.

- After that, it had a rally in the form of the first wave, after which a zigzag correction in the bottom range of the channel met with demand.

💎 Currently, it is located in the middle of the channel due to the failure of the previous roof.

💎 Therefore, this bullish wave can continue the bullish trend to the specified areas with a pullback to the broken structure.

⚠️ In addition, if the price enters the Invalidation LVL range, the bullish scenario will be invalidated.⚠️ 

»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««

  BINANCE:PEPEUSDT  

