PEPE/USDT – 30M – SELL

Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

The combination Pepe/Tether (PEPE/USDT) goes from the ascending trendline downwards

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

Caution: A possible trend reversal in the direction of resistance at 0.000013980 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The pair is likely to go down.

Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1.245932E-5 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 0.000013980 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.000013980 – 0.000014330 – 0.000013830 – 0.000012810 – 0.000013370 – 0.000012480

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