UNI/USDT – 30M – SELL

The combination Uniswap/Tether (UNI/USDT) jumps from the bearish trendline downwards

A continuation of the bearish trend down to the next support line at 3.149 is likely expected.

Caution: A possible change in the direction of the resistance level at 3.249 could be enabled.
Consider stop-loss settings accordingly.

Then a ‘Bearish Engulfing’ candle pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

3.249 – 3.291 – 2.86 – 3.149 – 2.778 – 2.718 —
3.194000000 – 3.250000000 —
53.002372159578 – 56.435874163885 —
– —
3.249 – 1783045800

Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –