PEPE/USDT – 30M – SELL

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

A bearish descent down to the next support at 0.000020020 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.000021390 should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 2.023E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.000021390 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

Download PEPE/USDT Signal Image

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Black Crows