UNI/USDT – 1H – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The combination Uniswap/Tether (UNI/USDT) jumps from the ascending trendline down.
A descent downwards to the next support level at 3.943 is expected.
Caution: A possible change in the direction of the resistance zone at 4.195 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
Moreover a ‘Bearish Engulfing’ candle chart pattern is existing. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.294 |
| 2nd High | 4.209 |
| Next High | 4.195 |
| Current Price | 3.942000000 |
| Next Low | 3.943 |
| 2nd Low | 3.934 |
| 3rd Low | 3.905 |
4.195 – 4.176 – 4.209 – 3.943 – 3.934 – 3.905 —
3.968000000 – 3.958000000 —
39.102884998967 – 36.705489489353 —
– —
4.195 – 1773698400
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –