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MoonCat8
Feb 10, 2021 4:36 PM

UNI, last trade invalidated, potential new trade in play 

Uniswap / U. S. DollarKraken

Description

UNI saw a reverse H&S pattern before getting rejected at the $22 range which seems to be THE resistance point. I've kept my last trade idea in play so you all can see that it failed to breakout of the asym triangle pattern. What I'm seeing now is a potential Cup and Handle play forming. I kept the price target the same as my last chart pattern. I think UNI is struggling because of the BTC run and ETH run along with ETH gas fees being LUDAAAAcris.

Comment

lets see if this upward momentum continues and higher low is set at previous resistance!
Comments
Gentlebender
Still, good call!
UnknownUnicorn6726824
Handle is forming, so a green candle closing above 22.5 on the 30 gives us a breakout to 24.3 - 25?
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