The combination Uniswap/Tether (UNI/USDT) jumps from the ascending trendline down.
A bearish descent downwards to the next support line at 2.366 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 2.539 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.
Besides a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘Two Crows’ candle chart pattern is found. The chart shows ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.609 |
| 2nd High | 2.546 |
| Next High | 2.539 |
| Current Price | 2.511000000 |
| Next Low | 2.366 |
| 2nd Low | |
| 3rd Low |
2.539 – 2.518 – 2.514 – 2.366 – 2.419 – 2.437 —
2.530000000 – 2.568000000 —
54.275547506299 – 67.374508587096 —
– —
2.539 – 1781166600
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –