UNI/USDT – 30M – SELLThe currency pair Uniswap/Tether (UNI/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support at 2.885 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 2.967 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Last Engulfing Bottom:’ candle pattern is discovered. The candles show ‘Last Engulfing Bottom:’. 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 chance of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.131 |
| 2nd High | 3.115 |
| Next High | 2.967 |
| Current Price | 2.788000000 |
| Next Low | 2.885 |
| 2nd Low | 2.671 |
| 3rd Low | 2.466 |
2.967 – 3.115 – 3.096 – 2.885 – 2.894 – 2.957 —
2.947000000 – 2.866000000 —
55.861268575388 – 32.9381894951 —
– —
2.967 – 1782300600
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Last Engulfing Bottom: – – –