PEPE/USDT – 30M – SELLThe currency pair Pepe/Tether (PEPE/USDT) goes from the bullish trendline down.
A bearish trend downwards to the next support level at 0.000019860 will persist.
Caution: A possible change in the direction of the resistance level at 0.000020730 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 1.959E-5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.000020730 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish Engulfing’ chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000024000 |
| 2nd High | 0.000022770 |
| Next High | 0.000020730 |
| Current Price | 0.000019930 |
| Next Low | 0.000019860 |
| 2nd Low | 0.000019590 |
| 3rd Low | 0.000019430 |
Download PEPE/USDT Signal Image
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Bearish Engulfing