PEPE/USDT – 4H – SELLThe currency pair Pepe/Tether (PEPE/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support level at 0.000010370 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.000012960 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.
Besides a ‘Three Outside Down’ candlestick pattern is detected. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The 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