The pair Uniswap/Tether (UNI/USDT) jumps from the bearish trendline upwards
A bullish movement up to the next resistance at 3.797 is expected.
Caution: A possible change in the direction of the support line at 3.69 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Three Outside Up’ candle chart pattern is existing. The candles form ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.021 |
| 2nd High | 4.018 |
| Next High | 3.797 |
| Current Price | 3.698000000 |
| Next Low | 3.69 |
| 2nd Low | 3.667 |
| 3rd Low | 3.537 |
3.797 – 4.018 – 4.021 – 3.69 – 3.785 – 3.927 —
3.711000000 – 3.686000000 —
45.952762051819 – 39.206638864907 —
– —
3.797 – 1772964000
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Three Outside Up – – –