UNI/USDT – 1H – BUY

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

An ascending movement up to the next resistance at 3.211 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at 3.098 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair is likely to rise.

Moreover a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 3.309 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance line at 3.211 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

3.211 – 3.284 – 3.309 – 3.098 – 3.171 – 2.718 —
3.127000000 – 3.150000000 —
36.623612908791 – 46.823288558844 —
– —
3.211 – 1783288800

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Three White Soldiers – – –