Then a ‘Rising Wedge Chart Pattern’ chart layout is detected. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.
The combination Pepe/Tether (PEPE/USDT) goes from the ascending trendline down.
A descending movement down to the next support line at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000010030 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.
Then a ‘Matching Low’ candlestick pattern is existing. The chart shows ‘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’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000010080 |
| 2nd High | 0.000010060 |
| Next High | 0.000010030 |
| Current Price | 0.000009730 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.000010030 – 0.000009980 – 0.000009860 – 0.000009720 – 0.000009680 – 0.000009380 — 34.908158869917 – 34.908158869917
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –