PEP/EUSDT – 8H – SELL

The 8H chart for PEP/EUSDT has triggered a confluence of bearish signals, including a BOP Zero Cross Down, STOCH KD Cross Down, HT SINE Zero Cross Down, and a Bearish Engulfing pattern. The Fibonacci Retreat DownTrend at the 79% level suggests that price has retraced into a key resistance zone, increasing the likelihood of a reversal to the downside. However, the broader trend across higher timeframes remains bullish, with the 1D showing a solid uptrend (3/5) and the 4H and 12H forming trends. This creates a conflict between the short-term bearish signals and the longer-term bullish trend.

The immediate bias is bearish, but traders should watch for a break below the nearest support to confirm the downside move. If price fails to hold support and reverses higher, the bullish trend on higher timeframes could resume. The 1H timeframe is already bearish, aligning with the 8H signals, but the 15M and 30M are bullish and choppy, indicating near-term uncertainty. Key levels to monitor are the nearest support and resistance, as a break of either could set the direction for the next move.