PEPE/USDT – 1H – SELLThe combination Pepe/Tether (PEPE/USDT) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 0.000009380 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 0.000009860 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Matching Low’ candle pattern is found. The candles show ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000010020 |
| 2nd High | 0.000009950 |
| Next High | 0.000009860 |
| Current Price | 0.000009640 |
| Next Low | 0.000009380 |
| 2nd Low | 0.000009140 |
| 3rd Low | 0.000009070 |
0.000009860 – 0.000009950 – 0.000010020 – 0.000009380 – 0.000009140 – 0.000009370 — 37.622394030018 – 37.048722691419
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –