A closely followed crypto strategist is predicting a big move to the downside for one Dogecoin (DOGE) rival after forming a bearish structure.
“PEPE breaking out on LTF (low time frame).
Looks like it’s ready to run it back to the highs.”
Looking at his inverted chart, the trader thinks Pepe is forming a double-top bearish pattern and will revisit the $0.00000061 level.
Pepe is trading for $0.00000073 at time of writing, up 4.5% in the last 24 hours.
“Stack heavily on dips.
Big picture everything that happens over the next six months is just noise to shake you out before the real fun begins later in 2024/2025.”
Bitcoin is trading for $26,236 at time of writing, down 0.1% in the last 24 hours.
“Unfortunately just haven’t seen the follow through I’d like to on this recent bounce. Would have liked to see a quick reclaim of .0008 on the BTC pair for bullish continuation. Currently short and looking for a revisit of the 2023 lows.”
SOL/BTC is trading for 0.00072 BTC ($18.98) at time of writing.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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