UNI/USDT – 1H – SELL

The combination Uniswap/Tether (UNI/USDT) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support line at 2.483 is expected.

Caution: A possible change in the direction of the resistance level at 2.585 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

Also there is a ‘Three Inside Down’ candle pattern is found. The candles form ‘Three Inside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

2.585 – 2.563 – 2.568 – 2.483 – 2.477 – 2.366 —
2.556000000 – 2.564000000 —
54.26327966222 – 58.579836195867 —
– —
2.585 – 1781362800

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern – –