PEPE/USDT – 30M – SELL

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

A bearish descent down to the next support line at 0.000017040 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.000017680 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 1.704E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 0.000017680 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Outside Down’ candle pattern is detected. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

Download PEPE/USDT Signal Image

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