PEPE/USDT – 1H – SELL

The currency pair Pepe/Tether (PEPE/USDT) goes from the descending trendline downwards

A continuation of the downtrend down to the next support line at 0.000010140 is expected.

Caution: A possible change in the direction of the resistance level at 0.000010680 could be enabled.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 1.0105E-5 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.000010680 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Down’ candlestick pattern is discovered. The chart shows ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000010680 – 0.000010840 – 0.000009950 – 0.000010140 – 0.000009540 – 0.000009370 — 45.938111923989 – 44.261552386091

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Outside Down – Triple bottom chart pattern – –