UNI/USDT – 30M – SELLThe combination Uniswap/Tether (UNI/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support level at 3.388 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 3.509 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Tweezers Top’ candle chart pattern is discovered. The candles show ‘Tweezers Top’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.582 |
| 2nd High | 3.521 |
| Next High | 3.509 |
| Current Price | 3.496000000 |
| Next Low | 3.388 |
| 2nd Low | 3.339 |
| 3rd Low | 3.263 |
3.509 – 3.491 – 3.521 – 3.388 – 3.339 – 3.339 —
3.497000000 – 3.502000000 —
59.288662970649 – 60.779693765135 —
– —
3.509 – 1778137200
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Tweezers Top – Rising Wedge Chart Pattern – –