π UNI has been a focal point in the cryptocurrency market, having recently achieved a significant breakthrough by surpassing a key resistance area and breaking out of a bullish pennant pattern.
π This advancement indicates a potential retesting phase at what was previously resistance, now serving as support. Successful retesting could pave the way for continued upward movement, with the next target being a strong resistance area.
π During this retesting phase, it's crucial for UNI to demonstrate a robust bounce off the support area to maintain its upward trajectory. Failure to hold this support level could result in UNI retreating to the demand area, specifically around the $6.1 mark.
π The $6.1 demand zone becomes a critical point for UNI. For the asset to resume its upward path, a strong rebound from this level is necessary, aiming to surpass and sustain above the former resistance level.
π This action is vital for continuing the upward movement towards the strong resistance. Conversely, if UNI fails to hold this demand level and breaks down, it could signal a shift towards a stronger support area.
π This advancement indicates a potential retesting phase at what was previously resistance, now serving as support. Successful retesting could pave the way for continued upward movement, with the next target being a strong resistance area.
π During this retesting phase, it's crucial for UNI to demonstrate a robust bounce off the support area to maintain its upward trajectory. Failure to hold this support level could result in UNI retreating to the demand area, specifically around the $6.1 mark.
π The $6.1 demand zone becomes a critical point for UNI. For the asset to resume its upward path, a strong rebound from this level is necessary, aiming to surpass and sustain above the former resistance level.
π This action is vital for continuing the upward movement towards the strong resistance. Conversely, if UNI fails to hold this demand level and breaks down, it could signal a shift towards a stronger support area.
Trade closed: target reached:
Boom! #UNI is doing just what we said. Up 111.18% and looking good!
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