UNI Uniswap Double Bottom on a Falling Wedge

Jun 24, 2023

If you haven`t sold UNI when Apple blocked Uniswap Labs’ mobile crypto wallet:

Then you should know that UNI (Uniswap) has recently formed a double bottom pattern within a falling wedge, indicating a potential bullish reversal in the near term. The double bottom pattern is characterized by two distinct lows at approximately the same level, followed by a potential breakout to the upside. When combined with the falling wedge, this pattern suggests a convergence of support levels and diminishing selling pressure.

Considering the formation of the double bottom on the falling wedge, UNI could be poised for a potential price target of $5.70. This target represents the projected upside that could be achieved if the pattern unfolds as expected.

Looking forward to read your opinion about it!

Jul 3, 2023

Trade closed: target reached

Price Target reached!