UNI/USDT – 1H – SELL

And also a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

The currency pair Uniswap/Tether (UNI/USDT) jumps from the ascending trendline downwards

A bearish movement down to the next support level at 3.927 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 4.095 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 3.881 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 4.095 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Two Crows’ candle pattern is found. The candles form ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

4.095 – 4.089 – 4.082 – 3.927 – 3.939 – 3.75 —
3.992000000 – 4.018000000 —
46.955864196205 – 53.635491674838 —
– —
4.095 – 1772719200

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –