PEPE/USDT – 1H – BUYThe pair Pepe/Tether (PEPE/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support line at 0.000020260 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000021390 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Hammer’ candlestick pattern is existing. The candles form ‘Hammer’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000024620 |
| 2nd High | 0.000021850 |
| Next High | 0.000021390 |
| Current Price | 0.000020470 |
| Next Low | 0.000020260 |
| 2nd Low | 0.000020020 |
| 3rd Low | 0.000019070 |