PEPE/USDT – 1H – SELLThe currency pair Pepe/Tether (PEPE/USDT) goes from the bullish trendline downwards
A descending movement downwards to the next support line at 0.000011390 is expected.
Caution: A possible change in the direction of the resistance level at 0.000015120 could occur.
Consider stop-loss settings accordingly.
And also a ‘Matching Low’ chart pattern is found. The candles show ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000016110 |
| Next High | 0.000015120 |
| Current Price | 0.000012700 |
| Next Low | 0.000011390 |
| 2nd Low | 0.000011290 |
| 3rd Low | 0.000010960 |
0.000012080 – 0.000011680 – 0.000011630 – 0.000011390 – 0.000011290 – 0.000011330
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Matching Low