UNI/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

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

A descending movement down to the next support line at 2.501 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 2.563 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

Moreover a ‘Bearish Engulfing’ candle pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

2.563 – 2.544 – 2.568 – 2.501 – 2.477 – 2.482 —
2.543000000 – 2.538000000 —
53.709334537805 – 48.183904206616 —
– —
2.563 – 1781278200

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –