PEPE/USDT – 4H – SELL

The combination Pepe/Tether (PEPE/USDT) moves from the ascending trendline down.

A bearish movement downwards to the next support level at 0.000011660 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.000015120 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 1.23552E-5 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 0.000015120 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. this 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 probability of ‘Three Black Crows’ heading down is 82%.

0.000013370 – 0.000013270 – 0.000010790 – 0.000011660 – 0.000009430 – 0.000009460

Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern