TradeDog-Research

UNI-USDT( Rising Channel Breakout)

Long
BINANCE:UNIUSDT   UNI / TetherUS
Uniswap, the leader of the Dex segment on the Ethereum ecosystem serves ~227K daily visitors on its platform. The most innovative upgradation of Uniswap V3 is scheduled to get live by May 5.
On Daily Time Frame, UNIUSDT has been trading in an Rising Channel while it has given a breakout from the pattern yesterday. Coupled with its much anticipated V3, it is highly likely to move to new highs.

Key Levels to Watch Out For-

The support to the lower side is present at $35 (the resistance trendline of the pattern) while it is likely to travel to the levels of $50.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.