PEPE/USDT – 30M – SELL

The pair Pepe/Tether (PEPE/USDT) jumps from the ascending trendline down.

A descent downwards to the next support at 0.000020220 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000021300 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish Engulfing’ candle chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

Download PEPE/USDT Signal Image

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Bearish Engulfing