PEPE/USDT – 30M – SELL

The combination Pepe/Tether (PEPE/USDT) goes from the ascending trendline down.

A descent down to the next support at 0.000017040 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.000017680 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

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 support at 0.000017680 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ candle pattern is detected. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘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