The combination Pepe/Tether (PEPE/USDT) breaks through the bearish trendline up.
The bullish trend up to the next resistance level at 0.000013370 is likely expected.
Caution: A possible change in the direction of the support zone at 0.000012100 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Hammer’ candle pattern is existing. The chart forms ‘Hammer’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015120 |
| 2nd High | 0.000013620 |
| Next High | 0.000013370 |
| Current Price | 0.000012560 |
| 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 – Hammer – Rising Wedge Chart Pattern