PEPE/USDT – 30M – BUYThe currency pair Pepe/Tether (PEPE/USDT) moves from the ascending trendline downwards
The bearish trend down to the next support at 0.000017040 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000019190 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Hammer’ candle chart pattern is discovered. The chart forms ‘Hammer’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000019540 |
| 2nd High | 0.000019450 |
| Next High | 0.000019190 |
| Current Price | 0.000017990 |
| Next Low | 0.000017040 |
| 2nd Low | 0.000016680 |
| 3rd Low | 0.000012340 |