PEPE/USDT – 30M – SELL

The currency pair Pepe/Tether (PEPE/USDT) goes from the bearish trendline downwards

A continuation of the downward movement downwards to the next support line at is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000013830 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.2885E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.000013830 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Down’ candle chart pattern is detected. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000013830 – 0.000014110 – 0.000013070 – 0.000013370 – 0.000012480 – 0.000011950

Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Three Outside Down – Double bottom chart pattern