PEPE/USDT – 1H – SELLThe combination Pepe/Tether (PEPE/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support at 0.000008920 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000010490 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Two Crows’ candle chart pattern is detected. The chart shows ‘Two Crows’. 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000011310 |
| 2nd High | 0.000011150 |
| Next High | 0.000010490 |
| Current Price | 0.000009190 |
| Next Low | 0.000008920 |
| 2nd Low | 0.000007960 |
| 3rd Low | 0.000007250 |
0.000010490 – 0.000010310 – 0.000011150 – 0.000008920 – 0.000009750 – 0.000009650
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Two Crows