UNI/USDT – 30M – SELL

The currency pair Uniswap/Tether (UNI/USDT) jumps from the ascending trendline down.

A bearish trend downwards to the next support line at 2.671 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 3.729 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘Bearish Belt Hold’ candlestick chart pattern is existing. The chart shows ‘Bearish Belt Hold’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

3.729 – 3.03 – 2.746 – 2.671 – 2.466 – 2.532 —
3.658000000 – 3.351000000 —
64.388685401206 – 42.404195864966 —
– —
3.729 – 1781679600

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Bearish Belt Hold – – –