PEPE/USDT – 4H – SELLThe combination Pepe/Tether (PEPE/USDT) goes from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 0.000010370 is expected.
Caution: A possible change in the direction of the resistance line at 0.000012960 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
Furthermore a ‘Three Outside Down’ candle chart pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000016110 |
| 2nd High | 0.000015120 |
| Next High | 0.000012960 |
| Current Price | 0.000012790 |
| Next Low | 0.000010370 |
| 2nd Low | 0.000007960 |
| 3rd Low | 0.000005710 |
0.000012960 – 0.000015120 – 0.000016110 – 0.000010370 – 0.000010950 – 0.000013250
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Three Outside Down