PEPE/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 0.000020410 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000021390 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 2.0705E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.000021390 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Two Crows’ candlestick pattern is discovered. The chart shows ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

Download PEPE/USDT Signal Image

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Two Crows