UNI/USDT – 30M – SELLThe combination Uniswap/Tether (UNI/USDT) jumps from the descending trendline down.
A continuation of the downtrend down to the next support line at 3.785 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 4.018 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Last Engulfing Top’ chart pattern is detected. The chart shows ‘Last Engulfing Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.095 |
| 2nd High | 4.021 |
| Next High | 4.018 |
| Current Price | 3.799000000 |
| Next Low | 3.785 |
| 2nd Low | 3.75 |
| 3rd Low | 3.715 |
4.018 – 4.021 – 4.095 – 3.785 – 3.927 – 3.946 —
3.827000000 – 3.805000000 —
34.853372661442 – 36.7278460095 —
– —
4.018 – 1772782200
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Last Engulfing Top – – –