PEPE/USDT – 30M – SELL

The combination Pepe/Tether (PEPE/USDT) jumps from the bullish trendline down.

A bearish trend downwards to the next support level at 0.000012100 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000013370 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Besides a ‘Matching Low’ candlestick pattern is existing. The chart forms ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.000013370 – 0.000012690 – 0.000012660 – 0.000012100 – 0.000012080 – 0.000011840

Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Matching Low –