UNI/USDT – 30M – BUY

The pair Uniswap/Tether (UNI/USDT) breaks through the bearish trendline up.

An ascent upwards to the next resistance at 3.98 is likely expected.

Caution: A possible change in the direction of support at 3.804 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 3.952216 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance level at 3.98 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Up’ chart pattern is existing. The candles show ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

3.98 – 3.998 – 3.989 – 3.804 – 3.824 – 3.843 —
3.905000000 – 3.913000000 —
57.686594375607 – 54.3299417627 —
– —
3.98 – 1773154800

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Three Outside Up – – –