UNI/USDT – 1H – SELL

The currency pair Uniswap/Tether (UNI/USDT) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support at 2.733 is certain.

Caution: A possible counter-trend in the direction of resistance at 3.004 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 2.808542 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 3.004 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Down’ chart pattern is discovered. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

3.004 – 3.045 – 3.083 – 2.733 – 2.906 – 2.958 —
2.875000000 – 2.928000000 —
44.203927077514 – 54.526974692823 —
– —
3.004 – 1780333200

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Three Outside Down – – –