PEPE/USDT – 30M – SELL

The combination Pepe/Tether (PEPE/USDT) jumps from the ascending trendline downwards

A descending movement down to the next support line at 0 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 1.0E-5 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 2.14E-6 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 1.0E-5 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Matching Low’ candlestick pattern is found. The chart forms ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.0E-5 – 1.0E-5 – 1.0E-5 – 0 – 0 – 0 —
0.000005010 – 0.000005020 —
45.230923229295 – 46.670155112637 —
– —
0.00001 – 1769227200

Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Matching Low – – –