PEPE/USDT – 1H – SELLThe currency pair Pepe/Tether (PEPE/USDT) moves from the ascending trendline down.
A descending movement down to the next support line at 0.000009070 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000009990 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair could go down.
Moreover a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.
Moreover a ‘Three Outside Down’ candlestick pattern is existing. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000011150 |
| 2nd High | 0.000010490 |
| Next High | 0.000009990 |
| Current Price | 0.000009480 |
| Next Low | 0.000009070 |
| 2nd Low | 0.000008300 |
| 3rd Low | 0.000007960 |
0.000009990 – 0.000010490 – 0.000010170 – 0.000009580 – 0.000009070 – 0.000008300
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Three Outside Down –