PEPE/USDT – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

The pair Pepe/Tether (PEPE/USDT) moves from the bullish trendline downwards

A descent down to the next support level at 0.000011660 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.000014110 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Last Engulfing Top’ candlestick chart pattern is discovered. The candles form ‘Last Engulfing Top’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

0.000014110 – 0.000013370 – 0.000013270 – 0.000011660 – 0.000012100 – 0.000011840

Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern