Also there is a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The currency pair Pepe/Tether (PEPE/USDT) goes from the ascending trendline down.
The bearish trend downwards to the next support level at 0.000013470 will persist.
Caution: A possible change in the direction of resistance at 0.000014750 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.
Also there is a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 1.324874E-5 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 0.000014750 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Matching Low’ candlestick pattern is existing. The chart forms ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015230 |
| 2nd High | 0.000015120 |
| Next High | 0.000014750 |
| Current Price | 0.000013650 |
| Next Low | 0.000013470 |
| 2nd Low | 0.000012840 |
| 3rd Low | 0.000012650 |
0.000014750 – 0.000014540 – 0.000014600 – 0.000013470 – 0.000013640 – 0.000013720
Trading Signals: FOREX – PEPE – PEPE/USDT – USDT – Matching Low – Rising Wedge Chart Pattern