PEPE/USDT – 30M – SELLThe currency pair goes from the ascending trendline downwards
A bearish descent down to the next support level at 0.000007980 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.000008340 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 7.907E-6 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.000008340 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000008510 |
| 2nd High | 0.000008480 |
| Next High | 0.000008340 |
| Current Price | 0.000008070 |
| Next Low | 0.000007980 |
| 2nd Low | 0.000007730 |
| 3rd Low | 0.000007710 |