UNI/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support line at 2.952 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 3.131 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 2.9908 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 3.131 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish Belt Hold’ candle pattern is discovered. The candles form ‘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 probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

3.131 – 3.067 – 3.133 – 2.952 – 2.947 – 3.006 —
3.075000000 – 3.059000000 —
51.210375719899 – 52.985692626859 —
– —
3.131 – 1782054000

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –