PEPE/USDT – 1H – BUYThe pair Pepe/Tether (PEPE/USDT) moves from the ascending trendline down.
A descending movement down to the next support level at 0.000020260 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000021390 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Hammer’ candlestick chart pattern is discovered. The chart shows ‘Hammer’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Hammer’ heading 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 |