PEPE/USDT – 30M – BUYThe currency pair Pepe/Tether (PEPE/USDT) jumps from the ascending trendline down.
A bearish trend downwards to the next support line at 0.000020410 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.000021390 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Hammer’ candlestick pattern is found. The candles show ‘Hammer’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘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 | 0.000020410 |
| 2nd Low | 0.000020260 |
| 3rd Low | 0.000020020 |