PEPE/USDT – 4H – SELL

The pair Pepe/Tether (PEPE/USDT) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support line at 0.000009370 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000010030 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Down’ candlestick pattern is existing. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000010030 – 0.000011700 – 0.000011550 – 0.000009370 – 0.000009140 – 0.000009490 — 49.996645348322 – 46.558057652951

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Outside Down – Double top retreat up – –