PEPE/USDT – 1H – SELL

The pair Pepe/Tether (PEPE/USDT) moves from the bearish trendline downwards

A continuation of the downward movement downwards to the next support level at 0.000010670 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000011370 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 1.0755E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.000011370 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Outside Down’ candlestick pattern is detected. The candles show ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000011370 – 0.000011700 – 0.000010530 – 0.000010670 – 0.000009810 – 0.000010200 — 49.441888823598 – 44.789340642219

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Outside Down – Double bottom retreat down – –