UNI/USDT – 1H – SELL

The pair Uniswap/Tether (UNI/USDT) jumps from the bullish trendline down.

A bearish movement downwards to the next support line at 3.318 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 4.026 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 3.443212 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 4.026 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. 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 likelyhood of ‘Three Black Crows’ going down is 82%.

3.404 – 3.583 – 3.553 – 3.318 – 3.309 – 2.845 —
3.260000000 – 3.913000000 —
28.898854771727 – 68.540628695162 —
– —
3.404 – 1770742800

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Three Black Crows – Double top retreat up – –