And also a ‘Symmetrical Triangle Chart Pattern’ chart layout is found. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The currency pair Pepe/Tether (PEPE/USDT) goes from the bullish trendline downwards
A descending movement downwards to the next support level at 0.000013720 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.000014540 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.3625E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.000014540 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015120 |
| 2nd High | 0.000014600 |
| Next High | 0.000014540 |
| Current Price | 0.000014080 |
| Next Low | 0.000013720 |
| 2nd Low | 0.000012840 |
| 3rd Low | 0.000012650 |
0.000014540 – 0.000014600 – 0.000013540 – 0.000013720 – 0.000012840 – 0.000012650
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – – Symmetrical Triangle Chart Pattern