Get started
ama8999

UNI looks primed

Long
Uniswap (BINANCE:UNIUSD)  
ama8999 Updated   
BINANCE:UNIUSD   Uniswap
Trend Analysis Chart Patterns Technical Indicators UNI uniswap uniusdt
8
2
trendanalysis chartpattern indicator uni uniswap uniusdt
After a 22 months long bear market UNI finally breaks the market structure.

Deviation -> Reclaim -> Consolidation -> Breakout

To me it looks good. Targeting the red area.
Comment:
UNI has been stalling slightly above the diagonal for a few weeks now, maybe too many weeks. Not showing enough relative strength against BTC.

If it goes back into the pattern I wouldn't be as much optimistic on the idea.

Below $5.2 the deviation thesis gets invalidated.
Trade closed manually:
The setup has become suboptimal. It's taking too long to show the slightest sign of strength.
Trade closed manually
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.