Then a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The pair Pepe/Tether (PEPE/USDT) jumps from the bullish trendline down.
A descending movement downwards to the next support at 0.000012400 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 0.000013270 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Outside Down’ candlestick chart pattern is detected. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015120 |
| 2nd High | 0.000013620 |
| Next High | 0.000013270 |
| Current Price | 0.000012120 |
| Next Low | 0.000012400 |
| 2nd Low | 0.000009710 |
| 3rd Low | 0.000009690 |
0.000013270 – 0.000013090 – 0.000010130 – 0.000012400 – 0.000009710 – 0.000009690
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern