DIYfinance

UNI short-term prediction

BINANCE:UNIUSDT   UNI / TetherUS
The long term outlook for UNI is bullish as suggested by the trendlines. At this point there is a possible downtrend as indicated by preceding the lower low. If such a correction does occur then there is support at $3.7 and another at the channel trend line $3.5. Subsquently a bounce off will target centre channel trend line of $4.2- $4.5.

RSI currently at 50% with a downward direction.

I am not a professional, just another keyboard warrior.
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.