The combination Pepe/Tether (PEPE/USDT) moves from the ascending trendline up.
A continuation of the bullish trend up to the next resistance level at 0.000013370 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 0.000012100 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.2605E-5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.000013370 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015120 |
| 2nd High | 0.000013620 |
| Next High | 0.000013370 |
| Current Price | 0.000012390 |
| Next Low | 0.000012100 |
| 2nd Low | 0.000012080 |
| 3rd Low | 0.000011840 |
0.000013370 – 0.000012690 – 0.000012660 – 0.000012100 – 0.000012080 – 0.000011840
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Northern Doji – Double bottom chart pattern