PEPE/USDT – 4H – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The combination Pepe/Tether (PEPE/USDT) jumps from the ascending trendline downwards
A bearish descent downwards to the next support line at 0.000010500 is certain.
Caution: A possible change in the direction of the resistance line at 0.000013620 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000016110 |
| 2nd High | 0.000015120 |
| Next High | 0.000013620 |
| Current Price | 0.000010590 |
| Next Low | 0.000010500 |
| 2nd Low | 0.000010370 |
| 3rd Low | 0.000007960 |
0.000013620 – 0.000012960 – 0.000015120 – 0.000010500 – 0.000010370 – 0.000010950
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Northern Doji