UNI/USDT – 1H – BUYThe pair Uniswap/Tether (UNI/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance at 4.209 is expected.
Caution: A possible change in the direction of the support level at 3.905 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The currency pair could go up.
In addition a ‘Bullish Belt Hold’ candle chart pattern is detected. The candles form ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.588 |
| 2nd High | 4.294 |
| Next High | 4.209 |
| Current Price | 3.927000000 |
| Next Low | 3.905 |
| 2nd Low | 3.842 |
| 3rd Low | 3.804 |
4.209 – 3.95 – 3.967 – 3.905 – 3.842 – 3.804 —
3.938000000 – 3.923000000 —
39.541982625149 – 38.793257729615 —
– —
4.209 – 1773406800
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Bullish Belt Hold – Rising Wedge Chart Pattern – –