PEPE/USDT – 30M – SELL

The combination Pepe/Tether (PEPE/USDT) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support level at 0.000019040 will persist.

Caution: A possible change in the direction of resistance at 0.000020760 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 1.904E-5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.000020760 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Bearish Engulfing’ chart pattern is existing. The chart forms ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ going down is 79%.

Download PEPE/USDT Signal Image

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