UNI/USDT – 1H – SELLThe combination Uniswap/Tether (UNI/USDT) moves from the bullish trendline down.
A bearish trend downwards to the next support at 3.388 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 3.509 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Two Crows’ candlestick chart pattern is existing. The chart forms ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.582 |
| 2nd High | 3.521 |
| Next High | 3.509 |
| Current Price | 3.424000000 |
| Next Low | 3.388 |
| 2nd Low | 3.263 |
| 3rd Low | 3.21 |
3.509 – 3.521 – 3.453 – 3.388 – 3.263 – 3.21 —
3.481000000 – 3.437000000 —
55.763703484094 – 48.592853743753 —
– —
3.509 – 1778137200
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –