The combination Uniswap/Tether (UNI/USDT) goes from the descending trendline down.
A continuation of the downtrend down to the next support level at 3.105 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 4.17 is also possible.
Consider stop-loss settings accordingly.
And also a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.
And also a ‘Two Crows’ candlestick chart pattern is discovered. The chart shows ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.209 |
| 2nd High | 4.195 |
| Next High | 4.17 |
| Current Price | 3.469000000 |
| Next Low | 3.105 |
| 2nd Low | 3 |
| 3rd Low | 2.845 |
4.17 – 3.521 – 3.453 – 3.105 – 3.175 – 3.208 —
3.691000000 – 3.522000000 —
42.531141968658 – 37.467762598973 —
– —
4.17 – 1778414400
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –