alfredwhitexxx
@t_alfredwhitexxx
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Chart Pattern: Falling wedge (bullish) identified on the weekly chart.Indicators:RSI: Above 50 on daily, weekly, and monthly charts, indicating bullish momentum across timeframes with no immediate overbought conditions (RSI < 70).EMA: Bullish on weekly and monthly charts (price above key EMAs).Current Sentiment: Mixed but leaning bullish. X posts highlight optimism, with traders noting a bullish pennant, whale accumulation, and parallels to PEPE’s 2023 breakout structure. However, recent price dips suggest caution.Key Narratives: A dormant whale withdrawing 2.2T PEPE ($29M) from Binance on May 19 signals strong holder confidence.Predictions of a 50-100% rally if the short term bullish pennant breaks, with a potential new ATH in June 2025.Correlation with Bitcoin’s ATH proximity suggests PEPE could benefit from a broader crypto rally.Conclusion:PEPE is well-positioned for a potential bullish breakout in the near term, supported by the falling wedge, RSI > 50, and bullish EMAs across timeframes. Its meme coin nature ties its performance to community hype and broader crypto market trends, particularly Bitcoin’s trajectory. Not financial advice.
Bullish bias for SOL based on falling wedge breakout potential supported by favorable multi-timeframe EMA alignmentFalling Wedge pattern detected on the weekly chart✅ EMA (20) LevelsDaily EMA(20): 170.17Weekly EMA(20): 162.80Monthly EMA(20): 144.53✅ RSI crossing/holding above 50 on daily🎯 Trade Plan Idea:Entry: Around 170.17Stop-loss: Below wedge low or under 162.80 (Weekly EMA)Target Zones:179-180 — first key resistance190.00–200.00 — wedge measured move targetNot financial advice.
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