UNI/USDT – 1H – SELL

The combination Uniswap/Tether (UNI/USDT) jumps from the descending trendline down.

A continuation of the downtrend down to the next support level at 3.934 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 4.176 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Next a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

4.176 – 4.209 – 3.95 – 3.934 – 3.905 – 3.842 —
4.142000000 – 4.182000000 —
61.842734722462 – 63.82808184613 —
– —
4.176 – 1773630000

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Three Black Crows – – –