Sell PEPE/USDT – 1H – SELL

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:

Forex and Crypto Live Trading Signals - MyLiveSignals