UNI/USDT – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.

The currency pair Uniswap/Tether (UNI/USDT) jumps from the ascending trendline downwards

A descent down to the next support line at 3.927 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 4.095 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 3.881 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 4.095 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Two Crows’ chart pattern is detected. The chart forms ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

4.095 – 4.089 – 4.082 – 3.927 – 3.939 – 3.75 —
3.992000000 – 4.018000000 —
46.955864196205 – 53.635491674838 —
– —
4.095 – 1772719200

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –