PEPE/USDT – 30M – SELLThe currency pair Pepe/Tether (PEPE/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 0.000012340 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000017800 could occur.
Consider stop-loss settings accordingly.
And also a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000017930 |
| 2nd High | 0.000017910 |
| Next High | 0.000017800 |
| Current Price | 0.000016080 |
| Next Low | 0.000012340 |
| 2nd Low | 0.000011860 |
| 3rd Low |
Download PEPE/USDT Signal Image
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Bearish Engulfing