UNI/USDT – 1H – SELLFurthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 3.7765 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 4.082 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bearish Belt Hold’ candle pattern is discovered. The chart shows ‘Bearish Belt Hold’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.588 |
| 2nd High | 4.294 |
| Next High | 4.082 |
| Current Price | 4.018000000 |
| Next Low | 3.75 |
| 2nd Low | 3.667 |
| 3rd Low | 3.537 |
4.082 – 4.048 – 3.974 – 3.75 – 3.667 – 3.537 —
4.027000000 – 4.050000000 —
57.868555071303 – 61.915141049093 —
– —
4.082 – 1772614800
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Bearish Belt Hold – – –