Technical Analysis Update, Pepe Coin Still downward Today 09 June 2023

x3-comments (67)in #btc • 11 months ago

Hello Everybody Welcome to my blog. Today we are going to talk about the Pepe Coin is Sill Downward

We will be bullish only when we will see the new one Higher highs and then also when we will see that the support is going to be our EMA 43 this white trend line that is white line is white line This is exponential moving average 43 and we are using 3-hour candles so one candle it's three hours and nothing is changing still, we are going down we didn't see some movements that we should show us the changing the trend we are in the downtrend we are not making higher highs we are still making lower highs so here is the first one or will it be in this chart this one is a higher low and also we are making the lower lows first second third and fourth and if we will see again rejection from the EMA 43 like here that we will come again to test this EMA so this is Ema 43 this line and we will come to test it and we're gonna be rejected again

it means we are not bullish we need to see the break right now there is no break it's still a downtrend as soon as we will get over this bite and it's gonna be our support then we can talk about that we are making new higher highs and higher lows

we are still making lower highs and lower lows so, therefore, we are bearish ill bearish we have some supports already we broke this one from the 12th of May and this is done on another level this is from the 3rd of May where we were where we went up at the beginning of May so this is is the range or the area where we could see again the movement down if we are not going to make EMA 43 as our support I'm talking about this white line so if we will be rejected the price 84 824 it's gonna be the new lower low all over low and this area around EMA 40, Ema a43 is going to be our resistance and the price could be around 100 or 10 396 be really careful that if we will see some movement up and we will be rejected expect another lower low