PEPE Is Extending Higher Within A Projected Bullish Impulse As We Anticipated from technical and Elliott wave perspective.
We talked about PEPE back in March. We also shared a chart with our members, where we mentioned and highlighted an ongoing strong five-wave bullish impulse. We were actually tracking final stages of subwave (5) of 3.
Later on April 18 we got that three-wave A-B-C corrective pullback within a higher degree wave 4 correction, right into ideal 38,2% Fibo. support, from where we expected a bullish continuation for wave 5.
As you can see later on May 03, PEPE confirmed a completed wave 4 correction with a broken channel resistance line, so it was clear that wave 5 is already in progress.
Today on May 28, PEPE is already at the highs for wave 5 as anticipated, but there can be still space up to 0.000020 – 0.000030 target area before it finds the top.
Become a premium member
Get daily Elliott Wave updates for some major Digital currencies, FIAT currency markets, major stock indexes, gold, silver, crude etc. or apply for unlimited access to the Elliot Wave educational videos.
Elliott Wave Webinar: Keep a close on 10 year US yields! Check our article HERE.