The first red line gives a scalping opportunity, but I will think about it above. I will also think about buying in the green line or the green box, depending on the conditions.
BINANCE:UNFIUSDT Long idea
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BINANCE:UNFIUSDT.P
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There are several drawbacks in this situation, which I've listed. However, the strong signals for me are that the instrument is outperforming the market, going against BTC. Additionally, there was a level touch, a false breakout, and the instrument is not undergoing a correction, even though it should.
Signals for level breakout
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💎 UNFI has indeed turned heads in the market with its impressive ascent, breaking through the descending channel pattern. The cryptocurrency's ability to breach a critical supply level without any notable resistance underscores the strength of its buyers post-breakout.
💎 Currently, UNFI is in a retesting phase at a demand zone that previously acted as a supply...
In this chart of BINANCE:UNFIUSDT , the coin is forming a possible inverse head and shoulders pattern as presented on the thumbnail.
It could also form a cup and handle due to slight inclarity of the head and shoulders.
But both patterns citing a possible BULLISH movement for the price of $BINANCE:UNFIUSDT.
On a daily perspective, the price has reached a...
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Based on the provided market data, UNFI (Unifi Protocol DAO) is currently trading at $6.589 against USDT. The relative strength index (RSI) of 38.41 for 4 hours, 48.95 for 1 day, and 58.67 for 7 days indicate that the currency is nearing oversold conditions on the short-term (4 hours) and is relatively neutral on the mid (1 day) to long-term (7 days) periods....
If UNFI returns to the flip range, we can look for sell/short positions.
Do not enter a position without a trigger and confirmation, because such coins have a low trading volume and can move rapidly up and down.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Falling Wedge
The falling wedge can either be a reversal or continuation signal.
As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next.
As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart...
Last week we talked about the impact of giant whales on the trend of UNFI. A week has passed and the price of UNFI has corrected. Today we will conduct a review of UNFI.
During UNFI's previous rise, the WTA indicator maintained a healthy development. Relatively steady whale inflows support rising. But looking at the details, from the first stage (red arrow) to...
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(UNFIUSDT.P chart)
(1W chart)
To create a new upward wave, it must be supported and rise in the 8.250-10.867 range.
If not, there is a possibility that it will fall to around 5.269.
(1D...
Where I have included $$$, these are liquidity pools.
unfi is collecting all these pools.
After these pools, we have an order block that is both fresh and the origin of the falling movement.
In my opinion, unfi will be rejected and involved in this area, which is the right area for sell/short position.
For risk management, please don't forget stop loss and...
Recently, the market sentiment has been flat, and most tokens are mainly fluctuating. Some Alt-coins have seen significant volatility during this time. UNFI is the most volatile token in the past 24 hours. So we choose UNFI as the Token for brief analysis.
UNFI has almost tripled in the past half month. The project Unifi Protocol has no good news...
Yello Paradisers, UNFI Analysis: A Crossroads of Potential Moves
💎UNFI appears poised for rejection at the Bearish Order Block (OB) zone, likely retracing back to the daily demand area.
💎Indicator tools suggest that UNFI is currently overbought and displaying bearish divergence on the daily timeframe, signaling a need for a corrective phase before any further...
