PEPE/USDT – 1H – SELL

The pair Pepe/Tether (PEPE/USDT) jumps from the ascending trendline downwards

The bearish trend down to the next support at 0.000024180 is expected.

Caution: A possible change in the direction of the resistance level at 0.000026940 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 2.3565E-5 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.000026940 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

Download PEPE/USDT Signal Image

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Black Crows