UNI/USDT – 4H – SELL

The combination Uniswap/Tether (UNI/USDT) goes from the ascending trendline downwards

A bearish descent down to the next support level at 3.61 is expected.

Caution: A possible trend reversal in the direction of resistance at 4.195000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair is likely to fall.

Also there is a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish chart signal. 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 is expected. Target of the current trend is 3.4832 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 4.195000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘On Neck’ candle pattern is existing. The candles show ‘On Neck’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

4.195000000 – 4.209 – 3.998 – 3.804 – 3.61 – 3.537 —
4.195000000 – 3.961000000 —
64.140135930616 – 38.269548486723 —
4.195000000 – 1773691200 —
– 1773691200

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – On Neck – Rising Wedge Chart Pattern – –