PEPE/USDT – 30M – SELLThe currency pair Pepe/Tether (PEPE/USDT) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support at 0.000011000 will continue.
Caution: A possible change in the direction of the resistance zone at 0.000011660 could happen.
Consider stop-loss settings accordingly.
Next a ‘RSI fall below 30’ indicator layout is detected. The indicator shows ‘RSI fall below 30’. which could be a negative chart signal. The pair is likely to go down.
Next a ‘Matching Low’ candle chart pattern is detected. The chart shows ‘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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013150 |
| 2nd High | 0.000012150 |
| Next High | 0.000011660 |
| Current Price | 0.000010670 |
| Next Low | 0.000011000 |
| 2nd Low | 0.000010700 |
| 3rd Low | 0.000009710 |
0.000011660 – 0.000011560 – 0.000011620 – 0.000011000 – 0.000010700 – 0.000011040 — 22.888134596706 – 21.886875414082
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Matching Low – Double top chart pattern –