PEPE/USDT – 4H – SELL

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

A bearish trend down to the next support at 0.000012650 is expected.

Caution: A possible trend reversal in the direction of resistance at 0.000014330 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 1.31736E-5 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.000014330 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Two Crows’ candle pattern is existing. The candles show ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.000014330 – 0.000013370 – 0.000013270 – 0.000012650 – 0.000011660 – 0.000009430

Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Two Crows –