PEPE/USDT – 30M – BUYThe pair Pepe/Tether (PEPE/USDT) goes from the ascending trendline downwards
A bearish movement down to the next support line at 0.000020410 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000021390 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Hammer’ chart pattern is found. The chart forms ‘Hammer’. this is a bullish 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’ heading 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 |