UNI/USDT – 30M – SELL

The combination Uniswap/Tether (UNI/USDT) moves from the ascending trendline downwards

A descent down to the next support line at 2.477 will continue.

Caution: A possible change in the direction of the resistance line at 2.563 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 2.477 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support line at 2.563 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Down’ candlestick pattern is discovered. The chart forms ‘Three Outside Down’. 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 ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

2.563 – 2.544 – 2.568 – 2.491 – 2.501 – 2.477 —
2.501000000 – 2.505000000 —
37.76117343439 – 43.432141274422 —
– —
2.563 – 1781278200

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –