Yesterday, Pepe hit a new All-Time Low, 21-September.
Today, Pepe starts growing really strong which can be read as quite positive for its trading pair, PEPEUSD.
A strong reaction right after a new All-Time Low is hit can be quite good, as a bottom can be easily confirmed.
We also have a broken descending channel or falling wedge, the potential is up.
Here we go:
✔️ 1) As long as PEPEUSD trades above its 21-Sep low (0.0000006018), we adopt a strong bullish bias. Any trading above this level and we are super bullish.
✔️ 2) If PEPEUSD moves and closes below yesterday's low, the bears are back in control. Notice that a wick can happen and this wouldn't invalidate the bullish potential. In fact, I would use multiple weekly close below the last low to see the bears back in the game.
As it is now, Pepe is ready to end its downtrend and produce a bullish wave. This is not surprising, I've been sharing many Altcoins that are doing the same.
➖ What about Bitcoin?
Bitcoin won't be left behind, Bitcoin will also grow.
Namaste.