PEPE/USDT Analysis Elliott Wave Theory and Technical Indicators
2025-01-29
Category: None

1. Elliott Wave Structure 
This chart follows a clear Elliott Wave pattern with an impulse sequence:

Wave 1: Initial rally with significant volume expansion.
Wave 2: A corrective phase where price retraced.
Wave 3: The strongest wave with an extended move upwards.
Wave 4: A deep correction that found support at prior consolidation.
Wave 5 (Expected): Price is forming the base before a final move upwards.
The chart suggests we are currently in the final corrective phase (Wave 4) before launching into Wave 5.

 2. Fibonacci Retracement Levels 
The chart highlights key Fibonacci retracement levels, acting as support zones for reversal:

0.236 Fib: 0.00001860 USDT (Minor resistance)
0.382 Fib: 0.00001517 USDT
0.5 Fib: 0.00001281 USDT
0.618 Fib: 0.00001091 USDT (Strongest support)
The price is currently testing the 0.618 retracement level, which aligns with Elliott Wave principles for Wave 4 retracement. A bullish reaction from this zone could confirm Wave 5.

 3. Indicator Analysis 
MACD:

The MACD histogram is in negative territory, indicating a corrective phase.
If the MACD line crosses bullishly, it would confirm a trend reversal into Wave 5.
RSI (Relative Strength Index):

Currently near 34, which is approaching oversold conditions.
If the RSI starts making higher lows, it will confirm a bullish reversal.
Volume:

Volume has increased near the key support level.
If volume spikes with a bullish engulfing candle, it will confirm buyer re-entry.
4. Key Price Levels & Trade Strategy
Buy Zone:
Between 0.00001091 - 0.00001281 USDT (Key Fibonacci & Elliott Wave Support)
Take Profit Levels (Wave 5 Targets):
0.00001954 USDT (0.236 Fib Extension)
0.00002821 USDT (0.786 Fib Extension)
0.00004728 USDT (1.618 Fib Extension)
Stop-Loss:
Below 0.00000980 USDT (Break of Wave 4 structure)
Final Thoughts
Bullish scenario: If price holds above 0.00001091 USDT, the probability of Wave 5 continuation is strong.
Bearish scenario: If the price breaks below 0.00000980 USDT, a deeper correction could occur.
Confirmation signal: A MACD bullish crossover and RSI rising above 40 would indicate a trend shift.
Outlook: Bullish Potential for Wave 5
This setup aligns with Elliott Wave, Fibonacci, and momentum indicators, suggesting a strong bullish move could follow. Keep an eye on volume spikes and breakout confirmations before entering the trade.

---------------------------------------------------------------------------------------------------------------------

🌐 WaveFibs – Your Crypto Trading Hub 🚀
Stay connected with WaveFibs across all platforms for free trading signals, in-depth market analysis, and educational resources to master the markets.

📍 Main Website:  WaveFibs.com 
📚 Education Hub:  Crypto Trading Education 
📈 Live Trade Setups & Charts: WaveFibs on TradingView
🐦 Market Insights & Updates:  WaveFibs on X (Twitter) 
📘 Community & Engagement:  WaveFibs on Facebook 
🎥 Video Analysis & Tutorials:  WaveFibs on YouTube 

🔔 Join Our Telegram Channels for Real-Time Trading Signals & Analysis:
💡 News & Market Analysis:  WaveFibs Telegram 
📊 Free Crypto Signals – When to Buy & Sell:  Top Crypto Stock Signals 

👉 Follow & Stay Ahead of the Markets! 🚀
