PEPE/USDT – 30M – SELL

The pair Pepe/Tether (PEPE/USDT) jumps from the ascending trendline downwards

A bearish movement down to the next support level at 0.000011840 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.000013370 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 1.184E-5 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of support at 0.000013370 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Outside Down’ candle pattern is detected. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.000013370 – 0.000012690 – 0.000012660 – 0.000012100 – 0.000012080 – 0.000011840

Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern