Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The combination Uniswap/Tether (UNI/USDT) goes from the ascending trendline downwards
A descending movement down to the next support line at 3.57 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 3.684 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.
Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
Furthermore a ‘Two Crows’ candle pattern is found. The chart shows ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.847 |
| 2nd High | 3.691 |
| Next High | 3.684 |
| Current Price | 3.598000000 |
| Next Low | 3.57 |
| 2nd Low | 3.568 |
| 3rd Low | 3.528 |
3.684 – 3.655 – 3.642 – 3.57 – 3.568 – 3.528 —
3.674000000 – 3.630000000 —
64.023845970673 – 53.216324445988 —
– —
3.684 – 1779454800
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –