Then a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The pair Pepe/Tether (PEPE/USDT) goes from the ascending trendline down.
The bearish trend down to the next support level at 0.000010520 will persist.
Caution: A possible change in the direction of resistance at 0.000012690 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Southern Doji’ candlestick chart pattern is existing. The chart shows ‘Southern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014750 |
| 2nd High | 0.000013150 |
| Next High | 0.000012690 |
| Current Price | 0.000010670 |
| Next Low | 0.000010520 |
| 2nd Low | 0.000009860 |
| 3rd Low | 0.000009430 |
0.000012690 – 0.000012660 – 0.000011660 – 0.000010520 – 0.000011070 – 0.000009860 — 38.624822439816 – 38.388946381099
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –