The pair Uniswap/Tether (UNI/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance at 2.872 is certain.
Caution: A possible change in the direction of the support line at 2.671 could happen.
Consider stop-loss settings accordingly.
Then a ‘Three Outside Up’ candlestick pattern is existing. The candles form ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.004 |
| 2nd High | 2.938 |
| Next High | 2.872 |
| Current Price | 2.885000000 |
| Next Low | 2.671 |
| 2nd Low | 2.466 |
| 3rd Low | 2.366 |
2.746 – 2.608 – 2.567 – 2.671 – 2.466 – 2.532 —
2.697000000 – 2.798000000 —
53.277923170454 – 65.8595348544 —
– —
2.746 – 1781541000
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Three Outside Up – Rising Wedge Chart Pattern – –