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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Sad Frogs: Why The Parabolic Pepe Coin Could Flatten By 80%

Tony "The Bull" Severino
Tony "The Bull" Severino
1 year ago
3 mins read
Pepe coin price crash sad frog crypto

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Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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Pepe coin, the meme cryptocurrency based on the popular internet meme, has become the newest sensation across crypto.

Although it has made early buyers extremely happy – and extremely wealthy – it could soon leave many holders feeling flattened due to a possible 80% correction. Let’s take a closer look.

Feels Good, Man… For Now

What goes up, must come down. The bigger they are, the harder they fall. Regardless of the phrase you choose, there is a lesson related to Pepe possibly on the way.

Related Reading

PEPE meme coin

Can Meme Coin PEPE Get Into The Top 100? Read This Before Buying

1 year ago

Few meme coins these days are a bigger deal than Pepe, rising from nothing to into the top 100 cryptocurrencies by market cap in a little over two weeks since its launch.

It’s vastly out-performed meme coin brethren Dogecoin and Shiba Inu, and the dozens of new coins that Pepe’s runaway success has spawned. But after an especially big rally of well over 400% in the last 48 hours, holders who bought he top could ultimately find out what it means to be a sad frog meme.

parabolic pepe coin curve

The parabolic Pepe coin curve | PEPEUSDC on TradingView.com

Predicting A Massive Pepe Coin Crash

PEPEUSDC on Uniswap is one of the first charts to launch on TradingView with the largest amount of price data. Since the chart’s inception, it has brought investors 3,000% ROI. Earlier adopters turned $250 into a cool mil.

Those who bought the top might be at risk of turning a million into lot less, considering the risk of a more than 80% correction. The risk is due to the parabolic curve pictured above breaking down violently.

Related Reading

PEPE

PEPE Goes To The Moon: Meme Coin Listed On OKX, Binance Listing In the Works?

2 years ago

A rule of thumb in technical analysis is to expect at minimum an 80% retracement of a parabolic rally. Crypto holders would do well to remember that Peter Brandt famously called for an 80% collapse in Bitcoin after the 2017 peak.

After that parabolic rally ended, BTCUSD dropped at full 84% from top to bottom before it was over. Brandt nailed the target over a year in advance. If Pepe coin has topped out after a 3,000% gain, a roughly 80% correction might be due.

But much like Bitcoin then, after the correction, Pepe coin being such a new and hot coin should eventually bring substantial returns again. However, while the greater crypto market corrects, profit taking could aggressively spill into Pepe holders, who have a lot more room to fall compared to the rest of the market. As a result, things could get ugly quickly.

Today, we are talking about the MEASURE RULE, and how to use it in technical analysis to find profit targets and determine risk:reward in crypto trading using #PEPE as an example

Here’s how not to be a sad frog 🐸 $PEPE pic.twitter.com/JqqDhvnJez

— CoinChartist (@coinchartist_io) April 30, 2023

Follow @TonyTheBullBTC & @coinchartist_io on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com
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Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Read more

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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