The currency pair Uniswap/Tether (UNI/USDT) moves from the bearish trendline up.
A bullish trend up to the next resistance at 3.797 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 3.69 could occur.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.021 |
| 2nd High | 4.018 |
| Next High | 3.797 |
| Current Price | 3.683000000 |
| Next Low | 3.69 |
| 2nd Low | 3.667 |
| 3rd Low | 3.537 |
3.797 – 4.018 – 4.021 – 3.69 – 3.785 – 3.927 —
3.673000000 – 3.694000000 —
35.066568729796 – 34.248927688886 —
– —
3.797 – 1772964000
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Northern Doji – – –