UNI/USDT – 1H – BUY

The combination Uniswap/Tether (UNI/USDT) jumps from the ascending trendline up.

A continuation of the uptrend up to the next resistance level at 4.588 is certain.

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

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.

In addition a ‘Inverted Hammer’ candlestick chart pattern is discovered. The chart shows ‘Inverted Hammer’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Inverted Hammer’ going up is 65% (Bull Market).

4.588 – 3.404 – 3.583 – 3.142 – 3.318 – 3.309 —
3.304000000 – 3.339000000 —
46.044051699315 – 52.125391353815 —
– —
4.588 – 1770818400

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Inverted Hammer – – –