PEPE/USDT – 1H – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The combination Pepe/Tether (PEPE/USDT) jumps from the bullish trendline downwards
A bearish movement down to the next support line at 0.000011660 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000013370 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘On Neck’ chart pattern is discovered. The chart forms ‘On Neck’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015120 |
| 2nd High | 0.000013620 |
| Next High | 0.000013370 |
| Current Price | 0.000012300 |
| Next Low | 0.000011660 |
| 2nd Low | 0.000009690 |
| 3rd Low | 0.000009430 |
0.000013370 – 0.000013270 – 0.000013090 – 0.000011660 – 0.000012100 – 0.000011840
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – On Neck – Rising Wedge Chart Pattern