The pair Pepe/Tether (PEPE/USDT) moves from the descending trendline upwards
The bullish trend upwards to the next resistance level at 0.000012430 will continue.
Caution: A possible counter-trend in the direction of the support zone at 0.000011120 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bullish Engulfing’ chart pattern is found. The candles form ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012660 |
| 2nd High | 0.000012650 |
| Next High | 0.000012430 |
| Current Price | 0.000011320 |
| Next Low | 0.000011120 |
| 2nd Low | 0.000010960 |
| 3rd Low | 0.000010590 |
0.000012430 – 0.000012180 – 0.000012650 – 0.000011120 – 0.000011440 – 0.000011880 — 33.202094408255 – 42.262921708085
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Bullish Engulfing – Double bottom chart pattern – –