PEPE/USDT – 30M – SELL
The pair Pepe/Tether (PEPE/USDT) moves from the bullish trendline downwards
A descending movement down to the next support line at 0.000019430 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 0.000021700 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1.99128E-5 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.000021700 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. this 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 success rate of a ‘Three Black Crows’ going down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.000024000 |
2nd High | 0.000022290 |
Next High | 0.000021700 |
Current Price | 0.000021080 |
Next Low | 0.000019430 |
2nd Low | 0.000018800 |
3rd Low | 0.000012340 |
Download PEPE/USDT Signal Image
Trading Signals: CRYPTO – PEPE – PEPE/USDT – USDT – Three Black Crows