PEPE/USDT – 4H – SELLThere is also a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The currency pair Pepe/Tether (PEPE/USDT) jumps from the bullish trendline down.
A bearish movement down to the next support level at 0.000009430 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000010790 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015120 |
| 2nd High | 0.000013620 |
| Next High | 0.000010790 |
| Current Price | 0.000009810 |
| Next Low | 0.000009430 |
| 2nd Low | 0.000009070 |
| 3rd Low | 0.000008300 |
0.000010790 – 0.000010170 – 0.000013620 – 0.000009430 – 0.000009460 – 0.000009070
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern