PEPE/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support line at 0.000012340 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 0.000012780 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘RSI fall below 70’ indicator layout is found. The indicator is ‘RSI fall below 70’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 1.2415E-5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.000012780 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Matching Low’ candlestick chart pattern is discovered. The chart forms ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.000012780 – 0.000012740 – 0.000013050 – 0.000012340 – 0.000011780 – 0.000011850 — 49.238220520655 – 49.238220520655

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Matching Low – Rising Wedge Chart Pattern –