PEPE/USDT – 30M – SELLThe currency pair Pepe/Tether (PEPE/USDT) jumps from the ascending trendline down.
The bearish trend down to the next support at 0.000012480 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000013620 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Last Engulfing Top’ candlestick chart pattern is found. The candles form ‘Last Engulfing Top’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015230 |
| 2nd High | 0.000015120 |
| Next High | 0.000013620 |
| Current Price | 0.000013400 |
| Next Low | 0.000012480 |
| 2nd Low | 0.000011950 |
| 3rd Low | 0.000011660 |
0.000013070 – 0.000012900 – 0.000012300 – 0.000012480 – 0.000011950 – 0.000011660
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Last Engulfing Top – Triple bottom chart pattern