Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The pair Pepe/Tether (PEPE/USDT) goes from the ascending trendline downwards
The bearish trend downwards to the next support line at 0.000012470 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000012740 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘RSI cross above 70’ indicator signal is existing. The indicator shows ‘RSI cross above 70’. which is often a bearish signal. The pair is likely to go down.
Also there is a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.2415E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.000012740 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014180 |
| 2nd High | 0.000013050 |
| Next High | 0.000012740 |
| Current Price | 0.000012600 |
| Next Low | 0.000012470 |
| 2nd Low | 0.000011780 |
| 3rd Low | 0.000011660 |
0.000012740 – 0.000012670 – 0.000012410 – 0.000012470 – 0.000011780 – 0.000011890 — 57.532395480556 – 51.152192335636
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern –