Also there is a ‘Double bottom chart pattern’ chart formation is discovered. The formation shows ‘Double bottom chart pattern’. which is a bullish chart scenario. The pair is likely to go up.
The combination Pepe/Tether (PEPE/USDT) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance at 0.000009950 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.000009750 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Above the Stomach’ chart pattern is discovered. The chart forms ‘Above the Stomach’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Above the Stomach’ going up is 66% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000010060 |
| 2nd High | 0.000010030 |
| Next High | 0.000009950 |
| Current Price | 0.000010050 |
| Next Low | 0.000009750 |
| 2nd Low | 0.000009720 |
| 3rd Low | 0.000009540 |
0.000009950 – 0.000009690 – 0.000009830 – 0.000009750 – 0.000009720 – 0.000009540 — 60.748999728856 – 66.059576733375
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Above the Stomach – Double bottom chart pattern – –