Additionally a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The combination Pepe/Tether (PEPE/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 0.000009970 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000010300 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Two Crows’ chart pattern is existing. The chart forms ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000011480 |
| 2nd High | 0.000011080 |
| Next High | 0.000010300 |
| Current Price | 0.000010160 |
| Next Low | 0.000009970 |
| 2nd Low | 0.000009850 |
| 3rd Low | 0.000009740 |
0.000010300 – 0.000010130 – 0.000009940 – 0.000009970 – 0.000009850 – 0.000009740 — 54.618675996566 – 52.690876803473
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –