PEPE/USDT – 30M – SELLThe pair Pepe/Tether (PEPE/USDT) jumps from the descending trendline down.
A continuation of the downtrend down to the next support level at 0.000022820 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000024990 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000025720 |
| 2nd High | 0.000025200 |
| Next High | 0.000024990 |
| Current Price | 0.000023600 |
| Next Low | 0.000022820 |
| 2nd Low | 0.000022590 |
| 3rd Low | 0.000021620 |
Download PEPE/USDT Signal Image
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Bearish Engulfing