UNI/USDT – 1H – SELLThe combination Uniswap/Tether (UNI/USDT) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at 3.61 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 4.095 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Belt Hold’ chart pattern is found. The chart shows ‘Bearish Belt Hold’. this is a bearish pattern signal. 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’ going 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 | 3.900000000 |
| Next Low | 3.61 |
| 2nd Low | 3.537 |
| 3rd Low | 3.259 |
3.797 – 4.095 – 4.089 – 3.61 – 3.927 – 3.939 —
3.916000000 – 3.918000000 —
62.663603168186 – 59.572098792844 —
– —
3.797 – 1772964000
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –