In addition a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The pair Pepe/Tether (PEPE/USDT) goes from the ascending trendline downwards
The bearish trend down to the next support level at 0.000010780 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.000012690 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
In addition a ‘Three Outside Down’ candlestick pattern is detected. The chart shows ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014180 |
| 2nd High | 0.000013150 |
| Next High | 0.000012690 |
| Current Price | 0.000011210 |
| Next Low | 0.000010780 |
| 2nd Low | 0.000010520 |
| 3rd Low | 0.000009960 |
0.000011110 – 0.000010960 – 0.000011240 – 0.000010780 – 0.000010520 – 0.000010810 — 56.870960754994 – 55.701499967446
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –