PEPE/USDT – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

The currency pair Pepe/Tether (PEPE/USDT) jumps from the bullish trendline down.

A bearish descent down to the next support line at 0.000012000 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.000013270 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.148E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.000013270 could occur.
Please make appropriate stop-loss settings in the case of a trade.

0.000013270 – 0.000013090 – 0.000010130 – 0.000012000 – 0.000012400 – 0.000009710

Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – – Rising Wedge Chart Pattern