PEPE/USDT – 30M – SELL

The pair Pepe/Tether (PEPE/USDT) goes from the bullish trendline down.

The bearish trend down to the next support at 0.000017040 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 0.000017680 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.704E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 0.000017680 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

Download PEPE/USDT Signal Image

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Outside Down