UNI is at a decisive moment. We are under this resistance which is also our current All Time High (ATH).
Can we push through?
On lower timeframes we seem to have lost a bit of the bullish momentum with a falling histogram on MACD. However on higher timeframes like daily we just had a positive cross on MACD. This is bullish.
Therefore, the best decision in such situations is to let price action lead the way and in this case, we need to see Uni move pass this resistance line to maintain our bullish bias. If we fail to do that, then we will likely re-test our old support lines before we can go higher again.
Nevertheless, I like the indicators on daily, they are bullish apart from volume, which is lacking a bit... we need buyers to step in if we are to go higher... we had a very good rally so far where UNI pumped 50% since end of Feb, so it would not be surprising to see us cooldown a bit at this level before going up again to set a new ATH.
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