PEPE/USDT – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.

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

The bearish trend down to the next support line at 0.000012810 is expected.

Caution: A possible trend reversal in the direction of resistance at 0.000014330 should always be considered.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Down’ candle pattern is existing. The chart forms ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000014330 – 0.000014110 – 0.000013370 – 0.000012810 – 0.000011660 – 0.000012100

Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern