PEPE/USDT – 1H – SELLThe currency pair Pepe/Tether (PEPE/USDT) goes from the ascending trendline down.
A descending movement down to the next support line at 0.000010500 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.000011150 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013160 |
| 2nd High | 0.000011310 |
| Next High | 0.000011150 |
| Current Price | 0.000009880 |
| Next Low | 0.000010500 |
| 2nd Low | 0.000010370 |
| 3rd Low | 0.000007960 |
0.000011150 – 0.000011310 – 0.000013160 – 0.000010500 – 0.000011390 – 0.000011290
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Three Black Crows