PEPE/USDT – 1H – SELLThe pair Pepe/Tether (PEPE/USDT) moves from the ascending trendline down.
A bearish descent down to the next support line at 0.000017960 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.000020760 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.84818E-5 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.000020760 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Bearish Engulfing’ candle pattern is detected. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000022770 |
| 2nd High | 0.000022340 |
| Next High | 0.000020760 |
| Current Price | 0.000019450 |
| Next Low | 0.000017960 |
| 2nd Low | 0.000017290 |
| 3rd Low | 0.000012340 |
Download PEPE/USDT Signal Image
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Bearish Engulfing