PEPE/USDT – 30M – SELL

The pair Pepe/Tether (PEPE/USDT) jumps from the descending trendline downwards

A continuation of the downward movement down to the next support level at 0.000010370 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000011520 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.000011520 – 0.000012040 – 0.000012630 – 0.000010370 – 0.000011750 – 0.000012180

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