PEPE/USDT – 1H – SELLThe currency pair Pepe/Tether (PEPE/USDT) moves from the ascending trendline downwards
The bearish trend downwards to the next support line at 0.000009070 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000009990 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.
And also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.
And also a ‘Three Outside Down’ candle chart pattern is existing. The candles form ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000011150 |
| 2nd High | 0.000010490 |
| Next High | 0.000009990 |
| Current Price | 0.000009480 |
| Next Low | 0.000009070 |
| 2nd Low | 0.000008300 |
| 3rd Low | 0.000007960 |
0.000009990 – 0.000010490 – 0.000010170 – 0.000009580 – 0.000009070 – 0.000008300
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Three Outside Down –