There is also a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The pair Pepe/Tether (PEPE/USDT) jumps from the ascending trendline downwards
A bearish movement downwards to the next support at 0.000013640 is expected.
Caution: A possible change in the direction of the resistance zone at 0.000014750 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.
There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
There is also a ‘Three Outside Down’ candle chart pattern is existing. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The 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’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015230 |
| 2nd High | 0.000015120 |
| Next High | 0.000014750 |
| Current Price | 0.000013640 |
| Next Low | 0.000013640 |
| 2nd Low | 0.000012840 |
| 3rd Low | 0.000012650 |
0.000014750 – 0.000014540 – 0.000014600 – 0.000013640 – 0.000013720 – 0.000012840
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern