UNI/USDT – 4H – SELL

The currency pair Uniswap/Tether (UNI/USDT) goes from the descending trendline down.

A continuation of the downtrend downwards to the next support level at will continue.

Caution: A possible change in the direction of resistance at 4.095 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 3.50326 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 4.095 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

4.095 – 4.048 – 4.294 – 3.537 – 3.259 – 3.275 —
4.012000000 – 3.744000000 —
52.801450493002 – 35.350738338174 —
– —
4.095 – 1772712000

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –