PEPE/USDT – 30M – BUYThe pair Pepe/Tether (PEPE/USDT) jumps from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 0.000014750 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.000012840 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Bullish Engulfing’ candle chart pattern is existing. The candles form ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015230 |
| 2nd High | 0.000015120 |
| Next High | 0.000014750 |
| Current Price | 0.000013980 |
| Next Low | 0.000012840 |
| 2nd Low | 0.000012650 |
| 3rd Low | 0.000012480 |
0.000014750 – 0.000014540 – 0.000014600 – 0.000013640 – 0.000013720 – 0.000012840
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Bullish Engulfing – Double top retreat up