PEPE/USDT – 1H – SELL

The pair Pepe/Tether (PEPE/USDT) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support line at 0.000009690 is expected.

Caution: A possible change in the direction of the resistance line at 0.000011620 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘RSI fall below 30’ indicator signal is found. The indicator shows ‘RSI fall below 30’. which could be a negative chart signal. The currency pair is likely to fall.

Besides a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.124E-5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.000011620 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Three Outside Down’ candle chart pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000011620 – 0.000012150 – 0.000013150 – 0.000011240 – 0.000012340 – 0.000011780 — 36.808668994132 – 31.109093878892

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern –