UNI/USDT – 4H – SELLThe combination Uniswap/Tether (UNI/USDT) moves from the descending trendline down.
A continuation of the downward movement down to the next support line at 3.61 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 3.998000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bearish Engulfing’ candle chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.294 |
| 2nd High | 4.095 |
| Next High | 3.998000000 |
| Current Price | 3.898000000 |
| Next Low | 3.61 |
| 2nd Low | 3.537 |
| 3rd Low | 3.259 |
3.998000000 – 4.095 – 4.048 – 3.61 – 3.537 – 3.259 —
3.998000000 – 3.967000000 —
57.931498900337 – 54.558321243014 —
3.998000000 – 1773129600 —
– 1773129600
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –