The pair Uniswap/Tether (UNI/USDT) moves from the bullish trendline down.
A bearish descent downwards to the next support at 3.477 will continue.
Caution: A possible change in the direction of the resistance line at 3.7 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Last Engulfing Top’ candle chart pattern is discovered. The candles show ‘Last Engulfing Top’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.756 |
| 2nd High | 3.748 |
| Next High | 3.7 |
| Current Price | 3.485000000 |
| Next Low | 3.477 |
| 2nd Low | 3.449 |
| 3rd Low | 3.295 |
3.7 – 3.748 – 3.756 – 3.595 – 3.63 – 3.597 —
3.528000000 – 3.500000000 —
40.922855978651 – 38.435897912854 —
– —
3.7 – 1784237400
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Last Engulfing Top – – –