PEPE/USDT – 1H – SELLThe pair Pepe/Tether (PEPE/USDT) moves from the bullish trendline downwards
A bearish movement downwards to the next support level at is likely expected.
Caution: A possible change in the direction of the resistance line at 1.0E-5 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 2.36E-6 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 1.0E-5 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Three Outside Down’ candle chart pattern is detected. The chart shows ‘Three Outside Down’. this 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’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.0E-5 |
| Current Price | 0.000004930 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.0E-5 – 1.0E-5 – 1.0E-5 – 0 – 0 – 0 —
0.000005100 – 0.000004980 —
54.322515138043 – 44.306741562829 —
– —
0.00001 – 1769475600
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Outside Down – – –