The currency pair Pepe/Tether (PEPE/USDT) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support at 0.000010370 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000012960 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.
Furthermore a ‘Three Outside Down’ candlestick chart pattern is existing. The candles show ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going 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