The pair Pepe/Tether (PEPE/USDT) breaks through the descending trendline up.
A bullish movement upwards to the next resistance line at 0.000014540 will continue.
Caution: A possible counter-trend in the direction of the support level at 0.000013640 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 1.46E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.000014540 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015120 |
| 2nd High | 0.000014600 |
| Next High | 0.000014540 |
| Current Price | 0.000014510 |
| Next Low | 0.000013640 |
| 2nd Low | 0.000012840 |
| 3rd Low | 0.000012650 |
0.000014540 – 0.000014600 – 0.000013540 – 0.000013640 – 0.000013720 – 0.000012840
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Northern Doji – Double bottom chart pattern