UNI/USDT – 1H – BUYThe currency pair Uniswap/Tether (UNI/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance line at 3.797 is expected.
Caution: A possible counter-trend in the direction of the support zone at 3.667 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bearish Harami Cross’ candlestick pattern is existing. The candles form ‘Bearish Harami Cross’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami Cross’ going down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.294 |
| 2nd High | 4.095 |
| Next High | 3.797 |
| Current Price | 3.742000000 |
| Next Low | 3.667 |
| 2nd Low | 3.537 |
| 3rd Low | 3.259 |
3.797 – 4.095 – 4.089 – 3.927 – 3.939 – 3.75 —
3.730000000 – 3.727000000 —
42.88447496231 – 48.023678862901 —
– —
3.797 – 1772964000
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Bearish Harami Cross – Rising Wedge Chart Pattern – –