The combination Pepe/Tether (PEPE/USDT) moves from the ascending trendline down.
A bearish descent downwards to the next support level at 0.000020220 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.000021300 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. which 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%.
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