PEPE/USDT – 30M – SELL

The pair Pepe/Tether (PEPE/USDT) jumps from the ascending trendline down.

A bearish trend downwards to the next support line at 0.000017040 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line 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 will continue. Current target is 1.704E-5 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.000017680 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Down’ candle pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

Download PEPE/USDT Signal Image

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