UNI/USDT – 30M – SELLThe pair Uniswap/Tether (UNI/USDT) jumps from the ascending trendline down.
The bearish trend downwards to the next support level at 3.842 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 4.294 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Shooting Star’ candle chart pattern is found. The candles show ‘Shooting Star’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 4.588 |
| Next High | 4.294 |
| Current Price | 4.102000000 |
| Next Low | 3.842 |
| 2nd Low | 3.804 |
| 3rd Low | 3.61 |
4.064 – 3.95 – 3.967 – 3.842 – 3.843 – 3.804 —
4.104000000 – 4.202000000 —
75.174946272932 – 81.802563933963 —
– —
4.064 – 1773372600
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Shooting Star – – –