Moreover a ‘Double top chart pattern’ chart formation is existing. The formation shows ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The currency pair Pepe/Tether (PEPE/USDT) jumps from the descending trendline down.
A continuation of the downtrend down to the next support level at 0.000009710 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.000010640 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘RSI fall below 30’ indicator signal is discovered. The indicator is ‘RSI fall below 30’. this is usually a bearish signal. The currency pair could go down.
Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.
Moreover a ‘Three Outside Down’ candle chart pattern is discovered. The chart shows ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. 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 | 0.000011660 |
| 2nd High | 0.000010770 |
| Next High | 0.000010640 |
| Current Price | 0.000009940 |
| Next Low | 0.000009710 |
| 2nd Low | 0.000009690 |
| 3rd Low | 0.000009430 |
0.000010640 – 0.000010770 – 0.000011660 – 0.000010040 – 0.000010270 – 0.000010320 — 32.522126778374 – 30.254937429345
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Outside Down – Double top chart pattern –