UNI/USDT – 30M – BUYThe currency pair Uniswap/Tether (UNI/USDT) goes from the ascending trendline up.
A continuation of the upward movement up to the next resistance at 3.336 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 3.231 could happen.
Consider stop-loss settings accordingly.
Next a ‘Bearish Breakaway’ candlestick pattern is discovered. The candles form ‘Bearish Breakaway’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Breakaway’ heading down is 63% (Bull Market) & 89% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.479 |
| 2nd High | 3.362 |
| Next High | 3.336 |
| Current Price | 3.270000000 |
| Next Low | 3.231 |
| 2nd Low | 3.206 |
| 3rd Low | 3.197 |
3.336 – 3.362 – 3.479 – 3.231 – 3.206 – 3.244 —
3.322000000 – 3.267000000 —
54.423968063546 – 45.567391560849 —
– —
3.336 – 1776668400
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Bearish Breakaway – – –