PEPE/USDT – 1H – SELL

The currency pair Pepe/Tether (PEPE/USDT) moves from the bearish trendline downwards

A continuation of the downtrend downwards to the next support level at 0.000007960 is likely expected.

Caution: A possible change in the direction of the resistance line at 0.000010490 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 9.65E-6 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.000010490 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Matching Low’ chart pattern is discovered. The candles show ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.000010490 – 0.000010310 – 0.000011150 – 0.000009750 – 0.000009650 – 0.000010500

Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Matching Low