PEPE/USDT – 4H – SELLThe combination Pepe/Tether (PEPE/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support at 0.000009370 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.000010030 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Last Engulfing Top’ candle chart pattern is found. The candles form ‘Last Engulfing Top’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012690 |
| 2nd High | 0.000011700 |
| Next High | 0.000010030 |
| Current Price | 0.000009810 |
| Next Low | 0.000009370 |
| 2nd Low | 0.000009140 |
| 3rd Low | 0.000009070 |
0.000010030 – 0.000011700 – 0.000011550 – 0.000009370 – 0.000009140 – 0.000009490 — 60.678284576879 – 55.6026340839
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Last Engulfing Top – Double top retreat up – –