PEPE/USDT – 1H – SELLThe currency pair Pepe/Tether (PEPE/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support at 0.000019430 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.000022770 could happen.
Consider stop-loss settings accordingly.
Then a ‘Bearish Engulfing’ chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000025970 |
| 2nd High | 0.000024000 |
| Next High | 0.000022770 |
| Current Price | 0.000019320 |
| Next Low | 0.000019430 |
| 2nd Low | 0.000018800 |
| 3rd Low | 0.000012340 |
Download PEPE/USDT Signal Image
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Bearish Engulfing