The currency pair Pepe/Tether (PEPE/USDT) jumps from the bullish trendline down.
A bearish descent down to the next support line at 0.000011390 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000012630 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. 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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013120 |
| 2nd High | 0.000012960 |
| Next High | 0.000012630 |
| Current Price | 0.000012440 |
| Next Low | 0.000011390 |
| 2nd Low | 0.000011290 |
| 3rd Low | 0.000010960 |
0.000012050 – 0.000012080 – 0.000011680 – 0.000011390 – 0.000011290 – 0.000011390
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Northern Doji