PEPE/USDT – 30M – SELL

The pair Pepe/Tether (PEPE/USDT) jumps from the ascending trendline downwards

The bearish trend downwards to the next support level at 0.000009710 will persist.

Caution: A possible counter-trend in the direction of resistance at 0.000011620 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘RSI fall below 30’ indicator signal is discovered. The indicator is ‘RSI fall below 30’. this is usually a bullish chart signal. The currency pair is likely to rise.

Then a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.124E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 0.000011620 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Matching Low’ candle pattern is detected. The candles show ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.000011620 – 0.000012150 – 0.000013150 – 0.000011240 – 0.000011660 – 0.000012420 — 28.318716339578 – 27.505533911893

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Matching Low – Triple top chart pattern –