UNI/USDT – 30M – SELL

The pair Uniswap/Tether (UNI/USDT) goes from the descending trendline down.

A continuation of the bearish trend down to the next support at 3.378 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 3.739 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Matching Low’ chart pattern is existing. The candles show ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

3.739 – 3.495 – 3.464 – 3.55 – 3.378 – 3.142 —
3.513000000 – 3.445000000 —
37.977595428247 – 30.622625734305 —
– —
3.739 – 1771088400

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Matching Low – – –