The currency pair Uniswap/Tether (UNI/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support level at 2.775 will persist.
Caution: A possible change in the direction of the resistance level at 3.036 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
And also a ‘Matching Low’ candlestick pattern is found. The chart shows ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.131 |
| 2nd High | 3.115 |
| Next High | 3.036 |
| Current Price | 2.978000000 |
| Next Low | 2.775 |
| 2nd Low | 2.725 |
| 3rd Low | 2.466 |
3.036 – 2.967 – 3.115 – 2.775 – 2.725 – 2.963 —
2.891000000 – 3.025000000 —
45.945551164301 – 63.69165411681 —
– —
3.036 – 1782363600
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Matching Low – – –