PEPE/USDT – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.

The currency pair Pepe/Tether (PEPE/USDT) moves from the ascending trendline down.

A descent down to the next support level at 0.000011660 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 0.000014110 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.2885E-5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.000014110 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Two Crows’ candlestick pattern is discovered. The candles form ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.000014110 – 0.000013370 – 0.000013270 – 0.000011660 – 0.000012100 – 0.000011840

Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Two Crows – Rising Wedge Chart Pattern