UNI/USDT – 4H – BUYThe currency pair Uniswap/Tether (UNI/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance line at 3.328 is expected.
Caution: A possible change in the direction of support at 3.105 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair is likely to rise.
In addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 3.469428 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 3.328 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Inverted Hammer’ candlestick pattern is detected. The candles form ‘Inverted Hammer’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.439 |
| 2nd High | 3.362 |
| Next High | 3.328 |
| Current Price | 3.369000000 |
| Next Low | 3.105 |
| 2nd Low | 3 |
| 3rd Low | 2.845 |
3.328 – 3.362 – 3.439 – 3.105 – 3.175 – 3.208 —
3.259000000 – 3.276000000 —
55.378174211685 – 50.621275662016 —
– —
3.328 – 1777449600
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Inverted Hammer – – –