PEPE/USDT – 1H – SELLThe currency pair Pepe/Tether (PEPE/USDT) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 0.000018710 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000021220 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish Engulfing’ candle pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000024000 |
| 2nd High | 0.000022770 |
| Next High | 0.000021220 |
| Current Price | 0.000019960 |
| Next Low | 0.000018710 |
| 2nd Low | 0.000012340 |
| 3rd Low | 0.000011410 |
Download PEPE/USDT Signal Image
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Bearish Engulfing