Uniswap has been consolidating in an ascending triangle pattern. Breaking upwards, it will be targeting the 50$ mark which is also the fib 2.618 extension from the last swing high to swing low.
The low volume inside this triangle is a confirmation of a reaccumulating zone.
Uniswap mainnet V3 launch is scheduled for May 5 which could be the catalyst for the breakout when we reach closer to the apex.
Not financial advice
The low volume inside this triangle is a confirmation of a reaccumulating zone.
Uniswap mainnet V3 launch is scheduled for May 5 which could be the catalyst for the breakout when we reach closer to the apex.
Not financial advice