PEPE/USDT – 1H – SELL

Then a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

The pair Pepe/Tether (PEPE/USDT) moves from the bullish trendline downwards

A bearish movement downwards to the next support line at 0.000011840 is likely expected.

Caution: A possible change in the direction of the resistance line at 0.000013270 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.135E-5 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.000013270 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘On Neck’ candle chart pattern is found. The candles form ‘On Neck’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

0.000013270 – 0.000013090 – 0.000010270 – 0.000011840 – 0.000012000 – 0.000009690

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