The combination Uniswap/Tether (UNI/USDT) goes from the ascending trendline downwards
A bearish trend downwards to the next support line at 2.466 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 2.608 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.
Additionally a ‘Tweezers Top’ candle chart pattern is detected. The chart shows ‘Tweezers Top’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.63 |
| 2nd High | 2.609 |
| Next High | 2.608 |
| Current Price | 2.597000000 |
| Next Low | 2.466 |
| 2nd Low | 2.366 |
| 3rd Low |
2.608 – 2.567 – 2.585 – 2.466 – 2.532 – 2.483 —
2.597000000 – 2.606000000 —
64.278088472296 – 66.347047678359 —
– —
2.608 – 1781481600
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Tweezers Top – – –