PEPE/USDT – 30M – SELL

The pair Pepe/Tether (PEPE/USDT) moves from the ascending trendline downwards

A descent downwards to the next support level at 0.000022900 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000024620 could happen.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 2.304582E-5 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.000024620 could happen.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

Download PEPE/USDT Signal Image

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Black Crows