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TheSignalyst
Dec 26, 2021 7:41 PM

UNI - Potential Bullish Reversal! Long

UNI / US DollarBinance

Description

Hello everyone, if you like the idea, do not forget to support with a like and follow.

UNI is sitting around a strong support zone in green so we will be looking for buy setups.

on DAILY: UNI is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, UNI would be overall bearish can still trade lower till the lower green support before going up.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Comments
Investroy
Great graphical illustration
TheSignalyst
@Investroy, thank you dear Investroy
EliteTradingSignals
Hopefully, you will be correct!
TheSignalyst
SignalProvider
I always appreaciate your input on UNIUSD
TheSignalyst
@SignalProvider, it is an honor!
CobraVanguard
Well done!
TheSignalyst
@tt.TreeTrader, thank you :D
DeGRAM
The same view! Nice work!
TheSignalyst
@DeGRAM, respect DeGramm
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