PEPE/USDT – 4H – SELLThe pair Pepe/Tether (PEPE/USDT) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 0.000010370 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.000012960 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Besides a ‘Three Outside Down’ candle chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘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 | 0.000012790 |
| Next Low | 0.000010370 |
| 2nd Low | 0.000007960 |
| 3rd Low | 0.000005710 |
0.000012960 – 0.000015120 – 0.000016110 – 0.000010370 – 0.000010950 – 0.000013250
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Three Outside Down