PEPE/USDT – 1H – SELLThe currency pair Pepe/Tether (PEPE/USDT) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 0.000012340 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.000013150 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Matching Low’ candlestick chart pattern is existing. The candles form ‘Matching Low’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014750 |
| 2nd High | 0.000014180 |
| Next High | 0.000013150 |
| Current Price | 0.000011900 |
| Next Low | 0.000012340 |
| 2nd Low | 0.000011780 |
| 3rd Low | 0.000011660 |
0.000013150 – 0.000012780 – 0.000012740 – 0.000012340 – 0.000011780 – 0.000011850 — 23.599802060924 – 23.153628047547
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Matching Low – Double bottom retreat down –