UNI/USDT – 1H – BUY

The currency pair Uniswap/Tether (UNI/USDT) breaks through the bearish trendline up.

A bullish ascent upwards to the next resistance line at 2.585 is expected.

Caution: A possible change in the direction of the support level at 2.466 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Tweezers Bottom’ candlestick chart pattern is discovered. The chart shows ‘Tweezers Bottom’. which is a positive pattern 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 ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).

2.585 – 2.563 – 2.568 – 2.466 – 2.483 – 2.477 —
2.499000000 – 2.590000000 —
38.791151095907 – 63.256728736289 —
– —
2.585 – 1781362800

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Tweezers Bottom – – –