PEPE/USDT – 1H – SELL

The currency pair Pepe/Tether (PEPE/USDT) goes from the descending trendline downwards

A continuation of the downward movement down to the next support at 0.000009960 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000010880 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart 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 will continue. Current target is 1.036E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 0.000010880 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Outside Down’ chart pattern is found. The candles show ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000010880 – 0.000011550 – 0.000011270 – 0.000010360 – 0.000010550 – 0.000010520 — 32.052218043785 – 31.441457151079

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