Technical Analysis Update, Pepe Coin Today 24-3-2024

x3-comments (67)in #btc • last month

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

Hello the market is still trying to regain its Consciousness one more time and pay as well you know here we are and the pay some people are saying you know distribution is happening like for example you really really pushed up like this and now you're making a Min little bit of distribution and probably we start to go to the downside

I want to check the weekly time frame so if I talk about the weekly candle that is developing again I think that this candle is not a bad candle especially on the weekly if you're going to make a candle like this on the weekly it is going to be hard to say that the thing you know the coin itself is going to drop to the downside

The Daily that maybe perhaps daily is in the mood of accumulation Zone because I am looking at such Behavior across the board ICP did it a lot of things are just moving sideways even Shiba right now is actually on a sideways pattern Dogecoin is on a sideways pattern they didn't drop down they're making continuation patterns just to pop and continue to the upside so at least for now I don't see a pattern that pushes it down even though yes it's true you have pumped up so high that it doesn't that there could be no doubt that you can even drop down because of how high you have pumped

The RSI does actually say I have a Divergence now this is where we cannot ignore a Divergence right ignoring a Divergence is just going to be ignorance and not a good idea but you have a move up and Divergence is moving down so this is one the negative point that we may have