The currency pair Pepe/Tether (PEPE/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 0.000016990 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.000017800 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Three Outside Down’ candle chart pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish signal. The currency 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).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.000017930 |
2nd High | 0.000017910 |
Next High | 0.000017800 |
Current Price | 0.000016080 |
Next Low | 0.000016990 |
2nd Low | 0.000016630 |
3rd Low | 0.000012340 |
Download PEPE/USDT Signal Image
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Outside Down