The currency pair Pepe/Tether (PEPE/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 0.000012080 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.000012660 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.217748E-5 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.000012660 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013620 |
| 2nd High | 0.000013270 |
| Next High | 0.000012660 |
| Current Price | 0.000012440 |
| Next Low | 0.000012080 |
| 2nd Low | 0.000011840 |
| 3rd Low | 0.000009710 |
0.000012660 – 0.000012420 – 0.000012310 – 0.000012080 – 0.000011840 – 0.000012000
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – – Rising Wedge Chart Pattern