The pair Pepe/Tether (PEPE/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 0.000009750 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.000010490 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Outside Down’ chart pattern is existing. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.000011310 |
2nd High | 0.000011150 |
Next High | 0.000010490 |
Current Price | 0.000009240 |
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 – Three Outside Down