The currency pair Pepe/Tether (PEPE/USDT) jumps from the ascending trendline downwards
A descent downwards to the next support level at 0.000009750 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000009950 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000010060 |
| 2nd High | 0.000010030 |
| Next High | 0.000009950 |
| Current Price | 0.000009970 |
| Next Low | 0.000009750 |
| 2nd Low | 0.000009720 |
| 3rd Low | 0.000009540 |
0.000009950 – 0.000009690 – 0.000009830 – 0.000009750 – 0.000009720 – 0.000009540 — 64.086425229947 – 61.340975916411
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Black Crows – Double bottom chart pattern – –