PEPE/USDT – 1H – SELLThe combination Pepe/Tether (PEPE/USDT) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 0.000018040 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000021700 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Engulfing’ chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000024000 |
| 2nd High | 0.000022770 |
| Next High | 0.000021700 |
| Current Price | 0.000020880 |
| Next Low | 0.000018040 |
| 2nd Low | 0.000012340 |
| 3rd Low | 0.000011410 |
Download PEPE/USDT Signal Image
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Bearish Engulfing