PEPE/USDT – 1H – SELLThe currency pair Pepe/Tether (PEPE/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 0.000017380 is certain.
Caution: A possible change in the direction of the resistance zone at 0.000019540 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. which 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 probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000024720 |
| 2nd High | 0.000024620 |
| Next High | 0.000019540 |
| Current Price | 0.000018740 |
| Next Low | 0.000017380 |
| 2nd Low | 0.000017200 |
| 3rd Low | 0.000016680 |
Download PEPE/USDT Signal Image
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Bearish Engulfing