PEPE/USDT – 1H – SELL

The combination Pepe/Tether (PEPE/USDT) goes from the bullish trendline downwards

A descent down to the next support at 0.000009960 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000011550 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 1.052E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.000011550 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Matching Low’ candlestick pattern is discovered. The chart shows ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.000011550 – 0.000011270 – 0.000012690 – 0.000010550 – 0.000010520 – 0.000010810 — 36.284631630718 – 35.885784060901

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Matching Low – – –