Unifi Protocol DAO (UNFI)

Like many other tokens in the crypto market a correction of 90% has printed on the above 5-day chart since 2021. A number of reasons now exist to be bullish, including:

1) You know why.

2) Trend reversal. Higher highs / higher lows.

3) RSI resistance breakout.

4) Price action confirms on past resistance, which is also the golden ratio.

5) Price action is printing side an ascending symmetrical triangle. The apex arriving this month.

Is it possible for price action to fall further? Sure.
Is it probable? No.

Ww

Type: Trade
Risk: <= 6%
Timeframe: Between now apex.
Return: Will say elsewhere.

PS: A few years ago a very similar idea was published, exact same set up. Price action was trading between 1-2 cents at the time. The idea is below. That token was called MATIC, have you heard of it? No did at the time. Now everyone is a bull (expect moa).

PSS: UNFI has the same market cap as MATIC long idea at the time.

Trade active:

GRM support confirmed on publication.

Comment:

150% so far. Expecting a test of 5.50 before uptrend continues.