The RSI is probably about to change phase. BTC is going to decrease and has 50% chance of making UNI decrease greatly as well to $13. 50% chance of either staying where it is or decreasing a little bit more to 19.5.
I believe the fib time retracement combined with the price retracement for this last bounce predicts 50% chance of just having a bigger bounce, having...
". There is a possibility of temporary retracement to suggested support line (22.60).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. UNIUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
UNIUSDT is printing an ascending channel on the 4H timeframe.
Price is testing the ascending channel resistance.
RSI is printing a bearish divergence signal.
Price is printing a rising wedge pattern at the top.
Sell entry ⬇️ - breakdown below the rising wedge support.
Target 🎯 - Support level, ascending channel support.
Setup invalidation ❌ - breakout above the...
High R/R, stop below fib/support line. Looking to target ATH +.
This may take weeks to play out, so a swing long position. Would TP at point shown (above ATH) and let some run.
One of the few 'majors' in the Defi sphere not to have started its run yet.