Additionally a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The pair is likely to go down.
The pair Pepe/Tether (PEPE/USDT) moves from the descending trendline down.
A continuation of the downward movement down to the next support level at 0.000011210 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000011640 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Inside Down’ candlestick chart pattern is found. The chart shows ‘Three Inside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012700 |
| 2nd High | 0.000011660 |
| Next High | 0.000011640 |
| Current Price | 0.000011330 |
| Next Low | 0.000011210 |
| 2nd Low | 0.000010710 |
| 3rd Low | 0.000010600 |
0.000011640 – 0.000011660 – 0.000011200 – 0.000011210 – 0.000010710 – 0.000010600 — 53.018497386852 – 47.72360553481
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Inside Down – Symmetrical Triangle Chart Pattern – –