PEPE/USDT – 1H – SELLThe currency pair Pepe/Tether (PEPE/USDT) goes from the bullish trendline downwards
A bearish descent down to the next support at 0.000011390 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.000012960 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
In addition a ‘Three Outside Down’ candlestick pattern is existing. The candles form ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000016110 |
| 2nd High | 0.000015120 |
| Next High | 0.000012960 |
| Current Price | 0.000012520 |
| Next Low | 0.000011390 |
| 2nd Low | 0.000011290 |
| 3rd Low | 0.000010960 |
0.000012080 – 0.000011680 – 0.000011630 – 0.000011390 – 0.000011290 – 0.000011330
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Three Outside Down