PEPE/USDT – 30M – SELL

And also a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.

The currency pair Pepe/Tether (PEPE/USDT) jumps from the ascending trendline down.

A descent downwards to the next support at 0.000012810 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000013980 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.

And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1.245932E-5 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 0.000013980 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles form ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000013980 – 0.000014330 – 0.000013830 – 0.000012810 – 0.000013370 – 0.000012480

Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern