PEPE/USDT – 30M – SELL

The pair Pepe/Tether (PEPE/USDT) jumps from the bearish trendline down.

A continuation of the downtrend down to the next support level at 0.000010320 is certain.

Caution: A possible counter-trend in the direction of resistance at 0.000011660 should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 1.032E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 0.000011660 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Tweezers Top’ candlestick chart pattern is found. The candles form ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.000011660 – 0.000011560 – 0.000011620 – 0.000010320 – 0.000010420 – 0.000011000 — 54.932419884408 – 45.033120797125

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Tweezers Top – Triple top chart pattern –