The currency pair Pepe/Tether (PEPE/USDT) jumps from the descending trendline upwards
The bullish trend up to the next resistance at 0.000010880 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.000010360 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Bullish Engulfing’ chart pattern is discovered. The chart forms ‘Bullish Engulfing’. 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 chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012690 |
| 2nd High | 0.000011550 |
| Next High | 0.000010880 |
| Current Price | 0.000010570 |
| Next Low | 0.000010360 |
| 2nd Low | 0.000009960 |
| 3rd Low | 0.000009860 |
0.000010880 – 0.000011550 – 0.000011330 – 0.000010360 – 0.000010550 – 0.000011040 — 37.261685254926 – 46.353809870272
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Bullish Engulfing – – –