UNI/USDT – 1H – SELL

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

A bearish movement downwards to the next support level at 2.963 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 3.115 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.

There is also a ‘Bearish Belt Hold’ candle pattern is found. The candles show ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

3.115 – 3.131 – 3.067 – 2.963 – 2.952 – 2.947 —
3.013000000 – 2.998000000 —
43.246929446751 – 39.968148925759 —
– —
3.115 – 1782136800

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –