PEPE/USDT – 1H – SELL

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

A descending movement down to the next support line at 0.000009960 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.000011550 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 1.052E-5 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.000011550 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Matching Low’ candlestick pattern is existing. The chart forms ‘Matching Low’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.000011550 – 0.000011270 – 0.000012690 – 0.000010550 – 0.000010520 – 0.000010810 — 33.324805045791 – 32.5998990705

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