PEPE/USDT – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.

The currency pair Pepe/Tether (PEPE/USDT) goes from the ascending trendline downwards

A bearish descent down to the next support at 0.000011840 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.000013270 should be noted.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 1.135E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.000013270 should be noted.
Consider stop-loss settings accordingly.

Next a ‘On Neck’ chart pattern is found. The chart shows ‘On Neck’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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