The pair Pepe/Tether (PEPE/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 0.000011660 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.000013370 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
Also there is a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. 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 chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015120 |
| 2nd High | 0.000013620 |
| Next High | 0.000013370 |
| Current Price | 0.000012880 |
| Next Low | 0.000011660 |
| 2nd Low | 0.000009430 |
| 3rd Low | 0.000009070 |
0.000013370 – 0.000013270 – 0.000010790 – 0.000011660 – 0.000009430 – 0.000009460
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Three Black Crows – Double top chart pattern