UNI/USDT – 1H – SELL

The currency pair Uniswap/Tether (UNI/USDT) moves from the bearish trendline down.

A continuation of the downward movement down to the next support line at 3.309 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 3.566 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.

Also there is a ‘StochRSI Hidden Bearish Divergence’ indicator signal is existing. The indicator is ‘StochRSI Hidden Bearish Divergence’. this is usually a bearish chart scenario. The pair is likely to go down.

Also there is a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 3.275 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of support at 3.566 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Matching Low’ candlestick pattern is detected. The chart forms ‘Matching Low’. 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 ‘Matching Low’ going up is 61% (Bull & Bear Market).

3.566 – 3.694 – 3.607 – 3.309 – 3.275 – 3.309 —
3.315000000 – 3.400000000 —
42.115158544573 – 54.501998683061 —
– —
3.566 – 1771840800

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Matching Low – Double top retreat up – –