Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The currency pair Pepe/Tether (PEPE/USDT) moves from the bullish trendline downwards
A bearish descent downwards to the next support at 0.000011000 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 0.000011660 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.
Moreover a ‘Matching Low’ candlestick chart pattern is existing. The candles show ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013150 |
| 2nd High | 0.000012150 |
| Next High | 0.000011660 |
| Current Price | 0.000011020 |
| Next Low | 0.000011000 |
| 2nd Low | 0.000010700 |
| 3rd Low | 0.000009710 |
0.000011660 – 0.000011560 – 0.000011620 – 0.000011000 – 0.000010700 – 0.000011040 — 33.81856615656 – 33.38904388654
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Matching Low – Rising Wedge Chart Pattern –