PEPE/USDT – 1H – BUYThe currency pair Pepe/Tether (PEPE/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support at 0.000020260 will persist.
Caution: A possible change in the direction of resistance at 0.000021390 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Hammer’ chart pattern is detected. The candles form ‘Hammer’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000024620 |
| 2nd High | 0.000021850 |
| Next High | 0.000021390 |
| Current Price | 0.000020470 |
| Next Low | 0.000020260 |
| 2nd Low | 0.000020020 |
| 3rd Low | 0.000019070 |