PEPE/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support level at 0.000010420 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.000010790 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.042E-5 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.000010790 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Matching Low’ chart pattern is discovered. The chart shows ‘Matching Low’. which is a positive chart scenario. 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).

0.000010790 – 0.000010780 – 0.000010840 – 0.000010420 – 0.000010660 – 0.000010540 — 34.803133861451 – 34.803133861451

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –