The currency pair Pepe/Tether (PEPE/USDT) breaks through the bearish trendline upwards
A bullish movement up to the next resistance line at 0.000012460 is expected.
Caution: A possible change in the direction of the support line at 0.000012030 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bullish Engulfing’ candle chart pattern is existing. The chart forms ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012660 |
| 2nd High | 0.000012650 |
| Next High | 0.000012460 |
| Current Price | 0.000012480 |
| Next Low | 0.000012030 |
| 2nd Low | 0.000011070 |
| 3rd Low | 0.000010960 |
0.000012460 – 0.000012360 – 0.000011390 – 0.000012030 – 0.000011070 – 0.000011120 — 59.342856772923 – 65.278711337719
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Bullish Engulfing – Triple bottom chart pattern – –