PEPE/USDT – 4H – SELLThe pair Pepe/Tether (PEPE/USDT) jumps from the bullish trendline downwards
The bearish trend downwards to the next support level at 0.000016680 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.000019540 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish Engulfing’ candle chart pattern is found. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. 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 | 0.000028360 |
| 2nd High | 0.000024720 |
| Next High | 0.000019540 |
| Current Price | 0.000017380 |
| Next Low | 0.000016680 |
| 2nd Low | |
| 3rd Low |
Download PEPE/USDT Signal Image
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Bearish Engulfing