PEPE/USDT – 1H – SELLThe pair Pepe/Tether (PEPE/USDT) jumps from the bullish trendline downwards
A bearish descent downwards to the next support line at is expected.
Caution: A possible change in the direction of the resistance line at 1.0E-5 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.
Then a ‘Bearish Engulfing’ candle chart pattern is detected. The candles show ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.0E-5 |
| Current Price | 0.000005000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.0E-5 – 1.0E-5 – 1.0E-5 – 0.000004830 – 0 – 0 —
0.000005010 – 0.000005060 —
49.007127630274 – 50.892189653063 —
0.000004830 – 1769536800 —
0.00001 – 1769529600
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Bearish Engulfing – Double bottom chart pattern – –