Uniswap UNIUSDT - Elliott Wave + Parallel Channel

- Uniswap token is looking very bad from the technical perspective
- I think the blue channel will break down, when the sellers step in on new lows
- Target is 1.75 USD (0,618 trend-based fib extension)

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+1 Reply
on point nice !
Great job & thank you. It makes sense, I hope you are right.
Tolberti H43Z4TRDNG
@H43Z4TRDNG, Thank you.
Looking at Uniswap's TVL and 24.15% dominance. Don't you think all-time low will be heavy support & won't break under it?
Also keeping in mind it's new upcoming update
Tolberti jellevangolen
@jellevangolen, UNI can break below 1,75, definitely, but we need more time for that. This is just a short term analysis. Thank you for your comment.
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