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$PEIPEI Fake Out Before The Breakout! 👀
1-Min Chart Analysis
If price action can stay above the 1 min yellow 200MA, we can see a bullish move to the upside target.
If the price falls below the 1 min 200MA, there is a chance price action moves back to the base of the orange rising wedge.
If price action breaks upwards, then we can move the measured move. Which is the length of the wedge to the point of
breakout.
When rising wedges break upwards, they normally move in a parabolic fashion.
This could just be a fakeout to get the shorts going to liquidate them on the way up!?
$PEIPEI Projected Bullish Target
1) $0.00000004938
$PEIPEI Bearish Targets
1) $0.00000004468
2) $0.00000004320
3) $0.00000004245
The battle of the bulls and the bears!
NFA, DYOR ⚠️
#PEIPEI Crypto #Trading