PEPE/USDT – 1H – SELL

The combination Pepe/Tether (PEPE/USDT) goes from the bullish trendline down.

A bearish movement down to the next support at 0.000019680 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000021840 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is detected. The candles show ‘Bearish Engulfing’. 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 likelyhood of ‘Bearish Engulfing’ going down is 79%.

Download PEPE/USDT Signal Image

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Bearish Engulfing