Short
Updated

Uniswap (UNI): Waiting For Breakdown

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Uniswap is looking for a potential breakdown from triangle formation after that nice downward move it had since the last touch of EMAs.

We are keeping a close eye on the upper side of the triangle pattern, where we want to see a rejection and a movement to the lower zones!

Swallow Team
Note
snapshot
Uniswap has had a smaller bounce after touching that lower trend.

We are still waiting for a break from the trend and then a nice movement to the lower zones.

As of now, all we can do is wait and not rush!
Note
snapshot
Uniswap had made a nice breakdown with no resistance at all.

We are now looking for price movement towards the lower liquidity zone near $6.90 so let's see.

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