PEPE/USDT – 1H – SELLThe combination Pepe/Tether (PEPE/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support at 0.000009070 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000010490 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Matching Low’ chart pattern is found. The chart shows ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000011310 |
| 2nd High | 0.000011150 |
| Next High | 0.000010490 |
| Current Price | 0.000009830 |
| Next Low | 0.000009070 |
| 2nd Low | 0.000008300 |
| 3rd Low | 0.000007960 |
0.000010490 – 0.000010170 – 0.000010490 – 0.000009070 – 0.000008300 – 0.000008920
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Matching Low – Double top chart pattern