PEPE/USDT – 1H – SELLThe currency pair Pepe/Tether (PEPE/USDT) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 0.000020500 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.000022900 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 2.0875E-5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.000022900 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000025970 |
| 2nd High | 0.000024000 |
| Next High | 0.000022900 |
| Current Price | 0.000021700 |
| Next Low | 0.000020500 |
| 2nd Low | 0.000020190 |
| 3rd Low | 0.000018850 |