UNI/USDT – 30M – BUYThe currency pair Uniswap/Tether (UNI/USDT) breaks through the descending trendline up.
A bullish movement upwards to the next resistance line at 3.602 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 3.309 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 3.633744 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 3.602 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three White Soldiers’ candle chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.739 |
| 2nd High | 3.632 |
| Next High | 3.602 |
| Current Price | 3.526000000 |
| Next Low | 3.309 |
| 2nd Low | 3.293 |
| 3rd Low | 3.142 |
3.602 – 3.632 – 3.739 – 3.309 – 3.293 – 3.497 —
3.475000000 – 3.519000000 —
58.605552967033 – 63.466272624022 —
– —
3.602 – 1771428600
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Three White Soldiers – – –