The pair Pepe/Tether (PEPE/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support line at 0.000012030 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.000012650 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 1.213196E-5 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 0.000012650 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013150 |
| 2nd High | 0.000012660 |
| Next High | 0.000012650 |
| Current Price | 0.000012320 |
| Next Low | 0.000012030 |
| 2nd Low | 0.000011070 |
| 3rd Low | 0.000010960 |
0.000012460 – 0.000012360 – 0.000011390 – 0.000012030 – 0.000011070 – 0.000011120 — 57.57994850793 – 55.218520659392
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – – Triple bottom chart pattern – –