The currency pair Pepe/Tether (PEPE/USDT) jumps from the ascending trendline upwards
A continuation of the upward movement up to the next resistance at 0.000014600 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.000013720 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.46E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.000014600 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015230 |
| 2nd High | 0.000015120 |
| Next High | 0.000014600 |
| Current Price | 0.000014360 |
| Next Low | 0.000013720 |
| 2nd Low | 0.000012840 |
| 3rd Low | 0.000012650 |
0.000014600 – 0.000013540 – 0.000013980 – 0.000013720 – 0.000012840 – 0.000012650
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Northern Doji – Double bottom chart pattern