PEPE/USDT – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.

The currency pair Pepe/Tether (PEPE/USDT) moves from the bullish trendline downwards

A bearish descent down to the next support line at 0.000012840 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000014750 could occur.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish chart signal. 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 considered certain. Current target is 1.30994E-5 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.000014750 could occur.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.000014750 – 0.000014540 – 0.000014600 – 0.000013720 – 0.000012840 – 0.000012650

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