PEPE/USDT – 1H – BUYThe currency pair Pepe/Tether (PEPE/USDT) breaks through the bearish trendline up.
An ascent up to the next resistance at 0.000010790 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.000009430 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 1.011E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000010790 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000011310 |
| 2nd High | 0.000011150 |
| Next High | 0.000010790 |
| Current Price | 0.000009860 |
| Next Low | 0.000009430 |
| 2nd Low | 0.000009070 |
| 3rd Low | 0.000008300 |
0.000010790 – 0.000010490 – 0.000010170 – 0.000009430 – 0.000009880 – 0.000009460
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Northern Doji –