PEPE Update after selloff (4h)
2024-12-20
Category: None

BINANCE:PEPEUSDT  just had a flush, as all other cryptos had (and stocks). since my last setup isn't really feasible anymore, I've expanded it to the current situation. 

We can see the following: 

- it found support at the lower end of the channel at 1440 and bouched up (so far).
- if that holds, it would need to attemt a push out of the channel, which coinsides with different important levels: 

* first the Value Area Low at 1800
* then the 50% fib, which is also the POC
* then the golden pocket and possibly finding support at the trendline again (or any other forming trendline currently not seen


so basically next targets to break in order: VAL, channel high, 50% fib, golden pocket. 

ofc, currently it could potentially be the case, since there is a lot of uncertainty in the market, that we see a couple of days of consollidation, but we'll see. 