$PEPE Updates:
On-chain data shows that whales have started accumulating PEPE again. It has recovered nicely from the recent market dump. Technically speaking, PEPE has one of the most Bullish charts at the moment. Let me explain why:
PEPE is showing very clear and perfect Elliott wave count. You can observe on the chart it has completed 4 Elliott waves. The 4th wave is showing a perfect ABC pattern and perfectly concluded at the golden pocket. Currently it has initiated the 5th Impulse wave.
Now if you wonder where the fifth wave will reach, I have got you covered. The Fifth wave comes in three form (i.e) 1) Truncated 2) Double top 3) Extended
If we observe the chart and also keep in view the whale's activities, I don't think it will make a truncated Fifth wave or a double top. What I am expecting here is an extended 5th wave. If we have an extended 5th wave here, we can utilize the Fib extension tool for the potential targets. See the attached chart and use these Fib extension zones as potential TP zones. Following are the details of whales’ activities.
Yesterday On Chain data shows the following whale activities.
1.
Address: 0xa145bd8c9e421d332718a4c416cbe4016b8992dd
Withdrew 350 billion PEPE tokens ($3.44 million equivalent) from Binance Yesterday Profits from swing trading PEPE amount to approximately $2.66 million.
2.
Address: 0xa4fdabde3705fccf068bd1f164fcb30635b42b04
Spent $1.09 million USDC to purchase 123.66 billion PEPE tokens at the rate of $0.00000881 Yesterday.
3.
Address: 0x895f28be22a617d9b547c1e6c4825ce05e332045
Withdrew 101 billion PEPE tokens ($885,000 equivalent) Yesterday.
4.
Address: 0x24e3e727ce8cf5f12b9dfdd054073d155ee963c5
Spent $661,000 USDC to buy 74.5 billion PEPE tokens at the rate of $0.000008873.
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On-chain data shows that whales have started accumulating PEPE again. It has recovered nicely from the recent market dump. Technically speaking, PEPE has one of the most Bullish charts at the moment. Let me explain why:
PEPE is showing very clear and perfect Elliott wave count. You can observe on the chart it has completed 4 Elliott waves. The 4th wave is showing a perfect ABC pattern and perfectly concluded at the golden pocket. Currently it has initiated the 5th Impulse wave.
Now if you wonder where the fifth wave will reach, I have got you covered. The Fifth wave comes in three form (i.e) 1) Truncated 2) Double top 3) Extended
If we observe the chart and also keep in view the whale's activities, I don't think it will make a truncated Fifth wave or a double top. What I am expecting here is an extended 5th wave. If we have an extended 5th wave here, we can utilize the Fib extension tool for the potential targets. See the attached chart and use these Fib extension zones as potential TP zones. Following are the details of whales’ activities.
Yesterday On Chain data shows the following whale activities.
1.
Address: 0xa145bd8c9e421d332718a4c416cbe4016b8992dd
Withdrew 350 billion PEPE tokens ($3.44 million equivalent) from Binance Yesterday Profits from swing trading PEPE amount to approximately $2.66 million.
2.
Address: 0xa4fdabde3705fccf068bd1f164fcb30635b42b04
Spent $1.09 million USDC to purchase 123.66 billion PEPE tokens at the rate of $0.00000881 Yesterday.
3.
Address: 0x895f28be22a617d9b547c1e6c4825ce05e332045
Withdrew 101 billion PEPE tokens ($885,000 equivalent) Yesterday.
4.
Address: 0x24e3e727ce8cf5f12b9dfdd054073d155ee963c5
Spent $661,000 USDC to buy 74.5 billion PEPE tokens at the rate of $0.000008873.
Don’t forget to Follow and Like. More insights are coming your way!
$BTC $SHIB #Memecoins #altcoins #BTC
