The pair Uniswap/Tether (UNI/USDT) jumps from the descending trendline down.
A continuation of the downward movement down to the next support at is likely expected.
Caution: A possible change in the direction of the resistance line at 3.362 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.
Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.
Moreover a ‘Two Crows’ candlestick chart pattern is found. The candles show ‘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 success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.582 |
| 2nd High | 3.479 |
| Next High | 3.362 |
| Current Price | 3.285000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.362 – 3.479 – 3.582 – 3.206 – 3.244 – 3.327 —
3.281000000 – 3.336000000 —
52.077399314863 – 63.449173072507 —
– —
3.362 – 1776603600
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –