PEPE/USDT – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.

The pair Pepe/Tether (PEPE/USDT) jumps from the bullish trendline downwards

The bearish trend down to the next support at 0.000013470 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000014750 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 1.324874E-5 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.000014750 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Matching Low’ candlestick chart pattern is existing. The chart shows ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.000014750 – 0.000014540 – 0.000014600 – 0.000013470 – 0.000013640 – 0.000013720

Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Matching Low – Rising Wedge Chart Pattern