The pair Pepe/Tether (PEPE/USDT) moves from the ascending trendline downwards
A bearish descent down to the next support line at 0.000020410 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000021390 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Tweezers Top’ candlestick pattern is existing. The candles show ‘Tweezers Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.000024620 |
2nd High | 0.000021850 |
Next High | 0.000021390 |
Current Price | 0.000020530 |
Next Low | 0.000020410 |
2nd Low | 0.000020260 |
3rd Low | 0.000020020 |
Download PEPE/USDT Signal Image
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Tweezers Top