PEPE/USDT – 1H – SELL

The combination Pepe/Tether (PEPE/USDT) jumps from the bullish trendline downwards

A descent downwards to the next support level at 0.000018040 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.000022340 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 1.89602E-5 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.000022340 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

Download PEPE/USDT Signal Image

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Black Crows