The combination Uniswap/Tether (UNI/USDT) breaks through the bearish trendline up.
An ascending movement up to the next resistance line at 2.533 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 2.456 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
Next a ‘Three White Soldiers’ chart pattern is detected. The candles form ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.609 |
| 2nd High | 2.546 |
| Next High | 2.533 |
| Current Price | 2.506000000 |
| Next Low | 2.456 |
| 2nd Low | 2.425 |
| 3rd Low | 2.407 |
2.533 – 2.546 – 2.609 – 2.456 – 2.497 – 2.425 —
2.471000000 – 2.504000000 —
35.040369273529 – 50.912115841127 —
– —
2.533 – 1781010000
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Three White Soldiers – – –