Additionally a ‘Symmetrical Triangle Chart Pattern’ chart layout is found. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Pepe/Tether (PEPE/USDT) goes from the ascending trendline downwards
The bearish trend down to the next support level at 0.000009860 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 0.000011550 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 9.86E-6 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 0.000011550 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Outside Down’ candlestick chart pattern is existing. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013150 |
| 2nd High | 0.000012690 |
| Next High | 0.000011550 |
| Current Price | 0.000010210 |
| Next Low | 0.000009860 |
| 2nd Low | 0.000009430 |
| 3rd Low | 0.000009070 |
0.000011550 – 0.000012690 – 0.000012660 – 0.000010520 – 0.000011070 – 0.000009860 — 36.677421232342 – 32.945014155985
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –