PEPE/USDT – 1H – BUYThe currency pair Pepe/Tether (PEPE/USDT) jumps from the ascending trendline down.
A descent downwards to the next support line at 0.000020260 will persist.
Caution: A possible change in the direction of the resistance level at 0.000021390 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Hammer’ chart pattern is existing. The chart forms ‘Hammer’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Hammer’ heading 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 |