PEPE/USDT – 1H – SELLThe combination Pepe/Tether (PEPE/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support level at 0.000022820 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.000024720 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bearish Engulfing’ candle chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The currency 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 | 0.000025720 |
| 2nd High | 0.000024990 |
| Next High | 0.000024720 |
| Current Price | 0.000023950 |
| Next Low | 0.000022820 |
| 2nd Low | 0.000022590 |
| 3rd Low | 0.000021620 |
Download PEPE/USDT Signal Image
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Bearish Engulfing