PEPE/USDT – 4H – SELL

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

The bearish trend downwards to the next support at 0.000009430 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.000014750 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘RSI fall below 30’ indicator layout is discovered. The indicator is ‘RSI fall below 30’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.056848E-5 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 0.000014750 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Two Crows’ chart pattern is detected. The chart shows ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.000014750 – 0.000014330 – 0.000013370 – 0.000011780 – 0.000012650 – 0.000011660 — 34.993884138569 – 30.050224388092

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Two Crows – Rising Wedge Chart Pattern –