UNI/USDT – 30M – SELL

The currency pair Uniswap/Tether (UNI/USDT) moves from the ascending trendline downwards

A bearish trend down to the next support at 3.824 is considered certain.

Caution: A possible change in the direction of the resistance level at 3.98 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish Engulfing’ chart pattern is found. The chart forms ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

3.98 – 3.998 – 3.989 – 3.824 – 3.843 – 3.85 —
3.866000000 – 3.859000000 —
43.555316852524 – 45.143807162757 —
– —
3.98 – 1773154800

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Bearish Engulfing – – –