The combination Uniswap/Tether (UNI/USDT) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 3.449 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 3.76 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 3.2825 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 3.76 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.17 |
| 2nd High | 3.847 |
| Next High | 3.76 |
| Current Price | 3.518000000 |
| Next Low | 3.449 |
| 2nd Low | 3.069 |
| 3rd Low | 2.718 |
3.76 – 3.847 – 3.309 – 3.449 – 3.069 – 2.718 —
3.654000000 – 3.654000000 —
51.40353519184 – 54.7425027057 —
– —
3.76 – 1784030400