PEPE/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 0.000013640 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.000014540 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.41398E-5 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.000014540 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Two Crows’ candle chart pattern is detected. The chart shows ‘Two Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.000014540 – 0.000014600 – 0.000013540 – 0.000013640 – 0.000013720 – 0.000012840

Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Two Crows – Rising Wedge Chart Pattern