UNISWAP Wyckoff Spring Setup. Reaccumulation scenario

Long

Uniswap Protocol Token / USD (FTX:UNIUSD)

FTX:UNIUSD Uniswap Protocol Token / USD

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trendanalysis chartpattern wyckoff wyckoffmethod uniswap crypto spring reaccumulation

Downsloping consolidation. Reaccumulation scenario
Spring Setup. Confirmation: close above $6.30
Pattern failure: Stop loss at $5.37

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Comments

Good analysis!

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Martijnalfie

Thank you, @Martijnalfie! For more free content, check out our last Wyckoff Crypto Discussion on youtube, link above!

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If it keep sliding for another few hours, it will be bouncing at 4.

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I think the low will be 4.6

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DamagePerSecond

@DamagePerSecond, A break is always a possibility. A failure below $5.37 would trigger the Stop Loss and invalidate the setup. In that case, we should rethink the setup or choose another candidate.

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