The currency pair Uniswap/Tether (UNI/USDT) goes from the ascending trendline downwards
A bearish descent downwards to the next support line at 3.223 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 3.888 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.
And also a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The 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 | |
| 2nd High | |
| Next High | 3.888 |
| Current Price | 3.548000000 |
| Next Low | 3.223 |
| 2nd Low | 2.845 |
| 3rd Low |
3.404 – 3.583 – 3.548 – 3.223 – 3.318 – 3.334 —
3.402000000 – 3.776000000 —
69.637496706772 – 58.837071191712 —
– —
3.404 – 1770744600
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Three Black Crows – Double top retreat up – –