Also there is a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Pepe/Tether (PEPE/USDT) moves from the bullish trendline down.
A bearish movement down to the next support line at 0.000011660 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.000014110 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Two Crows’ candle pattern is discovered. The chart shows ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000016110 |
| 2nd High | 0.000015120 |
| Next High | 0.000014110 |
| Current Price | 0.000013720 |
| Next Low | 0.000011660 |
| 2nd Low | 0.000009690 |
| 3rd Low | 0.000009430 |
0.000014110 – 0.000013370 – 0.000013270 – 0.000011660 – 0.000012100 – 0.000011840
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Two Crows – Rising Wedge Chart Pattern