UNI/USDT – 30M – SELLThe pair Uniswap/Tether (UNI/USDT) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 3.908 is expected.
Caution: A possible change in the direction of the resistance line at 3.984 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
Besides a ‘Bearish Engulfing’ chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.209 |
| 2nd High | 4.021 |
| Next High | 3.984 |
| Current Price | 3.963000000 |
| Next Low | 3.908 |
| 2nd Low | 3.905 |
| 3rd Low | 3.842 |
3.984 – 3.951 – 4.021 – 3.908 – 3.905 – 3.842 —
3.975000000 – 3.970000000 —
58.43893102332 – 60.908924046199 —
– —
3.984 – 1773541800
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Bearish Engulfing – – –