PEPE/USDT – 4H – SELL

The combination Pepe/Tether (PEPE/USDT) jumps from the descending trendline down.

A continuation of the downtrend downwards to the next support line at 0.000011660 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000013370 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 1.23552E-5 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.000013370 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Matching Low’ candle chart pattern is detected. The chart forms ‘Matching Low’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.000013370 – 0.000013270 – 0.000010790 – 0.000011660 – 0.000009430 – 0.000009460

Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Matching Low –