The pair Uniswap/Tether (UNI/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support at 2.501000000 is likely expected.
Caution: A possible change in the direction of resistance at 2.544 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.
Moreover a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
Moreover a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.609 |
| 2nd High | 2.568 |
| Next High | 2.544 |
| Current Price | 2.522000000 |
| Next Low | 2.501000000 |
| 2nd Low | 2.477 |
| 3rd Low | 2.366 |
2.544 – 2.568 – 2.539 – 2.501000000 – 2.477 – 2.482 —
2.527000000 – 2.543000000 —
46.725147539193 – 53.49531617203 —
2.501000000 – 1781271000 —
2.544 – 1781256600
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –