Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Uniswap/Tether (UNI/USDT) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 3.055 will persist.
Caution: A possible change in the direction of resistance at 3.192000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair could go down.
Furthermore a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles show ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.729 |
| 2nd High | 3.329 |
| Next High | 3.192000000 |
| Current Price | 3.020000000 |
| Next Low | 3.055 |
| 2nd Low | 2.671 |
| 3rd Low | 2.466 |
3.192000000 – 3.329 – 3.729 – 3.055 – 3.166 – 3.181 —
3.192000000 – 3.148000000 —
44.782387692113 – 45.389279118141 —
3.192000000 – 1781780400 —
– 1781780400
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –