The pair Pepe/Tether (PEPE/USDT) jumps from the ascending trendline down.
The bearish trend down to the next support line at 0.000010650 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000010850 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
Besides a ‘Three Outside Down’ candle chart pattern is discovered. The candles show ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000011660 |
| 2nd High | 0.000011640 |
| Next High | 0.000010850 |
| Current Price | 0.000010620 |
| Next Low | 0.000010650 |
| 2nd Low | 0.000010600 |
| 3rd Low | 0.000010560 |
0.000010850 – 0.000011640 – 0.000011660 – 0.000010650 – 0.000011210 – 0.000010710 — 35.010187427726 – 34.307980955232
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Outside Down – – –