Also there is a ‘Double bottom retreat down’ chart pattern is existing. The chart picture forms ‘Double bottom retreat down’. which is a bearish signal. The pair is likely to go down.
The combination Uniswap/Tether (UNI/USDT) goes from the ascending trendline downwards
A bearish descent downwards to the next support level at 3.378 is likely expected.
Caution: A possible change in the direction of resistance at 4.588 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.
Also there is a ‘Two Crows’ candlestick chart pattern is detected. The candles show ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 4.588 |
| Current Price | 3.454000000 |
| Next Low | 3.378 |
| 2nd Low | 3.142 |
| 3rd Low | 2.845 |
3.495 – 3.464 – 4.588 – 3.378 – 3.142 – 3.343 —
3.502000000 – 3.524000000 —
69.971303798666 – 69.651786845723 —
– —
3.495 – 1771000200
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Two Crows – Double bottom retreat down – –