UNI/USDT – 30M – SELL

The currency pair Uniswap/Tether (UNI/USDT) goes from the descending trendline downwards

A continuation of the bearish trend downwards to the next support at 2.868 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 2.996 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.

Then a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. which is often a bearish chart signal. The pair is likely to go down.

Then a ‘Last Engulfing Bottom:’ candle pattern is discovered. The chart shows ‘Last Engulfing Bottom:’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

2.996 – 2.961 – 2.978 – 2.868 – 2.881 – 2.899 —
2.961000000 – 2.963000000 —
46.656431669303 – 52.51018339119 —
– —
2.996 – 1782702000

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Last Engulfing Bottom: – – –