Moreover a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The pair Pepe/Tether (PEPE/USDT) jumps from the bullish trendline down.
A bearish trend down to the next support line at 0.000011840 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000013270 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015120 |
| 2nd High | 0.000013620 |
| Next High | 0.000013270 |
| Current Price | 0.000012730 |
| Next Low | 0.000011840 |
| 2nd Low | 0.000009690 |
| 3rd Low | 0.000009430 |
0.000013270 – 0.000013090 – 0.000010270 – 0.000011840 – 0.000012000 – 0.000009690
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – – Rising Wedge Chart Pattern