PEPE/USDT – 1H – BUYThe combination Pepe/Tether (PEPE/USDT) breaks through the descending trendline up.
A bullish trend up to the next resistance line at 0.000010790 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.000009430 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 1.011E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.000010790 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000011310 |
| 2nd High | 0.000011150 |
| Next High | 0.000010790 |
| Current Price | 0.000009860 |
| Next Low | 0.000009430 |
| 2nd Low | 0.000009070 |
| 3rd Low | 0.000008300 |
0.000010790 – 0.000010490 – 0.000010170 – 0.000009430 – 0.000009880 – 0.000009460
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Northern Doji –