PEPE/USDT – 30M – SELL

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

A bearish movement downwards to the next support line at 0.000017040 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.000017680 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 1.704E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.000017680 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Outside Down’ candle chart pattern is existing. The chart shows ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

Download PEPE/USDT Signal Image

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Outside Down