The currency pair Pepe/Tether (PEPE/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support level at 0.000011660 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000012150 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
And also a ‘Three Outside Down’ chart pattern is found. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014180 |
| 2nd High | 0.000013150 |
| Next High | 0.000012150 |
| Current Price | 0.000011630 |
| Next Low | 0.000011660 |
| 2nd Low | 0.000009710 |
| 3rd Low | 0.000009690 |
0.000012150 – 0.000013150 – 0.000012970 – 0.000011660 – 0.000012420 – 0.000012340 — 36.671104673839 – 34.096480306318
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Outside Down – Double top chart pattern –