PEPE/USDT – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

The combination Pepe/Tether (PEPE/USDT) goes from the ascending trendline downwards

A bearish descent downwards to the next support at 0.000012000 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 0.000013270 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

Additionally a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.148E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.000013270 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

0.000013270 – 0.000013090 – 0.000010130 – 0.000012000 – 0.000012400 – 0.000009710

Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – – Rising Wedge Chart Pattern