PEPE/USDT – 30M – SELLAnd also a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.
The pair Pepe/Tether (PEPE/USDT) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 0.000013370 will persist.
Caution: A possible trend reversal in the direction of resistance at 0.000013830 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Tweezers Top’ candle pattern is found. The candles form ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015120 |
| 2nd High | 0.000014110 |
| Next High | 0.000013830 |
| Current Price | 0.000013480 |
| Next Low | 0.000013370 |
| 2nd Low | 0.000012480 |
| 3rd Low | 0.000011950 |
0.000013830 – 0.000014110 – 0.000013070 – 0.000013370 – 0.000012480 – 0.000011950
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Tweezers Top – Symmetrical Triangle Chart Pattern