PEPE/USDT – 1H – SELLThe pair Pepe/Tether (PEPE/USDT) jumps from the ascending trendline downwards
A descent downwards to the next support line at 0.000009070 is expected.
Caution: A possible change in the direction of the resistance line at 0.000009990 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.
And also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.
And also a ‘Three Outside Down’ chart pattern is discovered. The chart shows ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000011150 |
| 2nd High | 0.000010490 |
| Next High | 0.000009990 |
| Current Price | 0.000009480 |
| Next Low | 0.000009070 |
| 2nd Low | 0.000008300 |
| 3rd Low | 0.000007960 |
0.000009990 – 0.000010490 – 0.000010170 – 0.000009580 – 0.000009070 – 0.000008300
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Three Outside Down – Double top retreat up