PEPE/USDT – 1H – BUYThe combination Pepe/Tether (PEPE/USDT) moves from the ascending trendline downwards
A bearish movement downwards to the next support line at 0.000020260 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.000021390 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Hammer’ chart pattern is discovered. The chart shows ‘Hammer’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘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 | 0.000020260 |
| 2nd Low | 0.000020020 |
| 3rd Low | 0.000019070 |