UNI/USDT – 1H – SELL

The combination Uniswap/Tether (UNI/USDT) goes from the descending trendline downwards

A continuation of the downtrend down to the next support line at 3.171 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 3.278 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair could go down.

Next a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

3.278 – 3.246 – 3.227 – 3.171 – 3.105 – 3.19 —
3.259000000 – 3.269000000 —
65.890780007744 – 59.730644593622 —
– —
3.278 – 1777644000

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –