PEPE/USDT – 4H – SELL

The combination Pepe/Tether (PEPE/USDT) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support at 0.000009430 is certain.

Caution: A possible change in the direction of the resistance zone at 0.000013270 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Besides a ‘Two Crows’ candlestick chart pattern is found. The candles show ‘Two Crows’. 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.000013270 – 0.000010790 – 0.000010170 – 0.000009430 – 0.000009460 – 0.000009070

Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Two Crows – Double bottom retreat down