The pair Uniswap/Tether (UNI/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support line at 3.667 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 3.797 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.
In addition a ‘Matching Low’ candlestick pattern is discovered. The chart shows ‘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 likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.021 |
| 2nd High | 4.018 |
| Next High | 3.797 |
| Current Price | 3.672000000 |
| Next Low | 3.667 |
| 2nd Low | 3.537 |
| 3rd Low | 3.259 |
3.797 – 4.018 – 4.021 – 3.69 – 3.785 – 3.927 —
3.746000000 – 3.689000000 —
42.424031743798 – 35.659878160923 —
– —
3.797 – 1772964000
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Matching Low – – –