The currency pair Pepe/Tether (PEPE/USDT) moves from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 0.000014110 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.000012480 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.411E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.000014110 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015230 |
| 2nd High | 0.000015120 |
| Next High | 0.000014110 |
| Current Price | 0.000013740 |
| Next Low | 0.000012480 |
| 2nd Low | 0.000011950 |
| 3rd Low | 0.000011660 |
0.000014110 – 0.000013070 – 0.000012900 – 0.000012480 – 0.000011950 – 0.000011660
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Northern Doji – Triple bottom chart pattern