PEPE/USDT – 30M – SELL

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

A bearish trend downwards to the next support line at 0.000011070 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.000012690 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 1.107E-5 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 0.000012690 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Shooting Star’ candlestick pattern is discovered. The candles form ‘Shooting Star’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

0.000012690 – 0.000012500 – 0.000012460 – 0.000011970 – 0.000011950 – 0.000012030 — 21.760243425245 – 21.607131484525

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Shooting Star – Rising Wedge Chart Pattern – –