PEPE/USDT – 30M – SELL

The pair Pepe/Tether (PEPE/USDT) moves from the bearish trendline down.

A continuation of the downtrend down to the next support line at 0.000011880 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.000012430 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘StochRSI fall below 80’ indicator signal is detected. The indicator is ‘StochRSI fall below 80’. which could be a negative chart scenario. The pair is likely to go down.

In addition a ‘Last Engulfing Top’ candlestick pattern is found. The candles show ‘Last Engulfing Top’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

0.000012430 – 0.000012180 – 0.000012650 – 0.000011880 – 0.000011790 – 0.000011820 — 36.521959989788 – 34.949047407878

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Last Engulfing Top – Double bottom retreat down – –