Also there is a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The pair Pepe/Tether (PEPE/USDT) goes from the bullish trendline down.
A bearish movement down to the next support at 0.000010970 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000011620 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.0755E-5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.000011620 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. which is a negative pattern signal. 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 | 0.000012690 |
| 2nd High | 0.000011700 |
| Next High | 0.000011620 |
| Current Price | 0.000011140 |
| Next Low | 0.000010970 |
| 2nd Low | 0.000009810 |
| 3rd Low | 0.000009710 |
0.000011620 – 0.000011700 – 0.000010530 – 0.000011200 – 0.000011180 – 0.000010970 — 46.591280561126 – 38.12471742119
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –