UNI/USDT – 1H – BUYThe pair Uniswap/Tether (UNI/USDT) moves from the bullish trendline upwards
A continuation of the uptrend up to the next resistance at 4.048 is expected.
Caution: A possible trend reversal in the direction of the support line at 3.667 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The pair is likely to go up.
Additionally a ‘Bullish Engulfing’ candlestick pattern is detected. The chart shows ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.588 |
| 2nd High | 4.294 |
| Next High | 4.048 |
| Current Price | 3.846000000 |
| Next Low | 3.667 |
| 2nd Low | 3.537 |
| 3rd Low | 3.259 |
4.048 – 3.974 – 4.294 – 3.667 – 3.537 – 3.259 —
3.887000000 – 3.830000000 —
49.390764118859 – 40.153445829644 —
– —
4.048 – 1772467200
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Bullish Engulfing – – –