The combination Uniswap/Tether (UNI/USDT) moves from the descending trendline downwards
A continuation of the downtrend down to the next support level at 3.501 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 3.648 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.
Additionally a ‘Two Crows’ candlestick pattern is discovered. The chart forms ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.015 |
| 2nd High | 3.721 |
| Next High | 3.648 |
| Current Price | 3.565000000 |
| Next Low | 3.501 |
| 2nd Low | 3.259 |
| 3rd Low | 3.142 |
3.648 – 3.59 – 3.721 – 3.501 – 3.616 – 3.937 —
3.590000000 – 3.586000000 —
40.27725640751 – 50.740825048385 —
– —
3.648 – 1773993600
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –