UNI/USDT – 1H – SELL

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

The bearish trend down to the next support line at 2.963 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 3.115 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

In addition a ‘Bearish Belt Hold’ candlestick chart pattern is existing. The candles form ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

3.115 – 3.131 – 3.067 – 2.963 – 2.952 – 2.947 —
3.013000000 – 2.998000000 —
43.246929446751 – 39.968148925759 —
– —
3.115 – 1782136800

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –