PEPE/USDT – 1H – SELL

The combination Pepe/Tether (PEPE/USDT) jumps from the bearish trendline down.

A continuation of the downtrend downwards to the next support line at 0.000009490 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000010060 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.

Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 9.68116E-6 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 0.000010060 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.000010060 – 0.000010260 – 0.000010280 – 0.000009490 – 0.000009910 – 0.000009950 — 48.720699399597 – 47.454228111655

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Black Crows – – –