PEPE/USDT – 1H – BUYThe currency pair Pepe/Tether (PEPE/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance line at 0.000010790 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.000009430 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.011E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.000010790 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000011310 |
| 2nd High | 0.000011150 |
| Next High | 0.000010790 |
| Current Price | 0.000009860 |
| Next Low | 0.000009430 |
| 2nd Low | 0.000009070 |
| 3rd Low | 0.000008300 |
0.000010790 – 0.000010490 – 0.000010170 – 0.000009430 – 0.000009880 – 0.000009460
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Northern Doji –