The pair Pepe/Tether (PEPE/USDT) goes from the bullish trendline downwards
The bearish trend downwards to the next support line at 0.000020220 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.000021300 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles form ‘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 probability of ‘Bearish Engulfing’ going down is 79%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.000022770 |
2nd High | 0.000022340 |
Next High | 0.000021300 |
Current Price | 0.000021010 |
Next Low | 0.000020220 |
2nd Low | 0.000019500 |
3rd Low | 0.000018940 |
Download PEPE/USDT Signal Image
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Bearish Engulfing