Technical analysis by HaydenOtto about Symbol PEPE: Buy recommendation (5/20/2024)

Last week PEPE broke out of an inverted head and shoulders formation and it seems to be correlated with mania surrounding $GME. We have since retraced much of the move to retest the pattern's neckline and so far it has held. Looking for price to move now to 0.000012-0.000014 in the short term, which would be up to 50% gain! On the shorter timeframe its possible that price is within a descending channel of sorts. Price will start moving up quicker once we have broken that formation.Boom