UNI/USDT – 30M – SELLThe combination Uniswap/Tether (UNI/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 2.845 is certain.
Caution: A possible change in the direction of the resistance level at 3.583 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Last Engulfing Top’ candlestick pattern is discovered. The chart shows ‘Last Engulfing Top’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.632 |
| 2nd High | 3.628 |
| Next High | 3.583 |
| Current Price | 3.497000000 |
| Next Low | 2.845 |
| 2nd Low | |
| 3rd Low |
3.583 – 3.548 – 3.553 – 3.435 – 3.437 – 3.468 —
3.516000000 – 3.511000000 —
60.982021716287 – 57.312671320635 —
– —
3.583 – 1770658200
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –