PEPE/USDT – 1H – SELLThe currency pair Pepe/Tether (PEPE/USDT) goes from the descending trendline down.
A continuation of the bearish trend down to the next support at 0.000009750 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000010490 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Matching Low’ candlestick chart pattern is found. The candles show ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000011310 |
| 2nd High | 0.000011150 |
| Next High | 0.000010490 |
| Current Price | 0.000009490 |
| Next Low | 0.000009750 |
| 2nd Low | 0.000009650 |
| 3rd Low | 0.000007960 |
0.000010490 – 0.000010310 – 0.000011150 – 0.000009750 – 0.000009650 – 0.000010500
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Matching Low