A pseudonymous crypto trader predicted an uptrend on Tuesday Pepe Coin PEPE/USD.
What Happened: Crypto Tony told its 298,600 Twitter followers that PEPE may show the beginning of an “Adam and Eve reversal pattern”.
The Adam & Eve pattern in crypto is a reversal pattern consisting of two rounded lows (the “Adam” bottom) and a higher, rounded peak in between (the “Eve” peak). The pattern suggests a reversal of a downtrend and possible upside movement
The chart created by the trader shows PEPE falling to the $0.0000014 level and then rising to $0.0000026. Pepe ‘could boost meme season second leg if we hold’
See more:The art of the future: Lisa Ray’s TheUpsideSpace puts NFTs in the spotlight
Why it matters: In a separate tweet Monday, Crypto Tony said an “impulsive wave” was forming at “our good old frog friend PEPE.”
However, he also mentioned the need for a corrective structure before considering a re-entry as he has already exited the resistance zone before.
Price promotion: At the time of writing, PEPE was trading at $0.000001685, down 2.53% over the past 24 hours. according to Benzinga Pro.
Continue reading: Bitcoin, Ethereum and Dogecoin fall on liquidity squeeze: Analysts say King Crypto could hit new all-time highs in 2023‘
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