Then a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The chart forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The pair Pepe/Tether (PEPE/USDT) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 0.000012080 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.000012690 could happen.
Consider stop-loss settings accordingly.
Then a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.
Then a ‘Three Inside Down’ candlestick chart pattern is detected. The candles show ‘Three Inside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013620 |
| 2nd High | 0.000013270 |
| Next High | 0.000012690 |
| Current Price | 0.000012260 |
| Next Low | 0.000012080 |
| 2nd Low | 0.000011840 |
| 3rd Low | 0.000009710 |
0.000012690 – 0.000012660 – 0.000012420 – 0.000012080 – 0.000011840 – 0.000012000
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Three Inside Down – Symmetrical Triangle Chart Pattern