UNI/USDT – 1H – SELL

The pair Uniswap/Tether (UNI/USDT) jumps from the bullish trendline down.

A bearish descent downwards to the next support line at 3.263 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 3.521 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

Next a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart scenario. The pair is likely to go down.

Next a ‘Three Outside Down’ candlestick pattern is detected. The candles form ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

3.521 – 3.453 – 3.28 – 3.263 – 3.21 – 3.208 —
3.481000000 – 3.509000000 —
52.235975925113 – 62.337330449229 —
– —
3.521 – 1778058000

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Three Outside Down – – –