PEPE/USDT – 1H – SELLThe pair Pepe/Tether (PEPE/USDT) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 0.000019040 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000022340 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bearish Engulfing’ candle pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000024000 |
| 2nd High | 0.000022770 |
| Next High | 0.000022340 |
| Current Price | 0.000020190 |
| Next Low | 0.000019040 |
| 2nd Low | 0.000018040 |
| 3rd Low | 0.000012340 |
Download PEPE/USDT Signal Image
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Bearish Engulfing