The combination Uniswap/Tether (UNI/USDT) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 2.477 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 2.568 could happen.
Consider stop-loss settings accordingly.
There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.
There is also a ‘Three Line Strike – Bearish’ candle pattern is existing. The chart forms ‘Three Line Strike – Bearish’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.63 |
| 2nd High | 2.609 |
| Next High | 2.568 |
| Current Price | 2.526000000 |
| Next Low | 2.477 |
| 2nd Low | 2.366 |
| 3rd Low |
2.568 – 2.539 – 2.518 – 2.477 – 2.482 – 2.366 —
2.522000000 – 2.536000000 —
51.97210181951 – 58.210522294055 —
– —
2.568 – 1781191800
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Three Line Strike – Bearish – – –