PEPE/USDT – 30M – SELL

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

The bearish trend down to the next support at 0.000012420 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000012860 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘RSI cross above 70’ indicator signal is detected. The indicator shows ‘RSI cross above 70’. which could be a positive chart signal. The currency pair could go up.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 1.260512E-5 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 0.000012860 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Two Crows’ candlestick pattern is found. The candles form ‘Two Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.000012860 – 0.000012810 – 0.000012710 – 0.000012420 – 0.000012340 – 0.000012470 — 59.123436988629 – 55.405213145738

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern –