PEPE/USDT – 1H – BUYThe currency pair Pepe/Tether (PEPE/USDT) moves from the bullish trendline down.
A bearish movement down to the next support level at 0.000020260 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000021390 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Hammer’ chart pattern is discovered. The chart forms ‘Hammer’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000024620 |
| 2nd High | 0.000021850 |
| Next High | 0.000021390 |
| Current Price | 0.000020470 |
| Next Low | 0.000020260 |
| 2nd Low | 0.000020020 |
| 3rd Low | 0.000019070 |