The currency pair Pepe/Tether (PEPE/USDT) jumps from the ascending trendline downwards
A descending movement down to the next support level at 0.000017040 is expected.
Caution: A possible change in the direction of the resistance line at 0.000019190 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bullish Engulfing’ chart pattern is discovered. The candles form ‘Bullish Engulfing’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.000019540 |
2nd High | 0.000019450 |
Next High | 0.000019190 |
Current Price | 0.000018180 |
Next Low | 0.000017040 |
2nd Low | 0.000016680 |
3rd Low | 0.000012340 |
Download PEPE/USDT Signal Image
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Bullish Engulfing