UNI/USDT – 4H – SELLThe combination Uniswap/Tether (UNI/USDT) goes from the bearish trendline down.
A continuation of the downward movement down to the next support at 3.537 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 4.095 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bearish Belt Hold’ candle pattern is detected. The chart shows ‘Bearish Belt Hold’. 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 ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.588 |
| 2nd High | 4.294 |
| Next High | 4.095 |
| Current Price | 3.721000000 |
| Next Low | 3.537 |
| 2nd Low | 3.259 |
| 3rd Low | 3.142 |
4.095 – 4.048 – 4.294 – 3.537 – 3.259 – 3.275 —
4.022000000 – 3.821000000 —
54.560868755749 – 37.834837763396 —
– —
4.095 – 1772712000
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Bearish Belt Hold – – –