PEPE/USDT – 1H – SELLThe pair jumps from the bullish trendline down.
The bearish trend down to the next support level at 0.000010530 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.000011480 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.067996E-5 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 0.000011480 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three White Soldiers’ candlestick pattern is detected. The candles show ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000011970 |
| 2nd High | 0.000011660 |
| Next High | 0.000011480 |
| Current Price | 0.000011350 |
| Next Low | 0.000010530 |
| 2nd Low | 0.000008090 |
| 3rd Low | 0.000007950 |