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Uniswap (UNIUSDT) bullish inverse head and shoulders!

Long
UNI / TetherUS (BINANCE:UNIUSDT)  
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BINANCE:UNIUSDT   UNI / TetherUS
Trend Analysis Chart Patterns Technical Indicators uniusdt uniswap UNIUSD uniusdtlong uniswaplong cryptocurrencies Bitcoin (Cryptocurrency) altcoins DEFI
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trendanalysis chartpattern indicator uniusdt uniswap uniusd uniusdtlong uniswaplong cryptocurrencies bitcoin altcoins defi
UNIUSDT is testing the neckline of the inverse head and shoulders pattern at $24. Bitcoin has already broken out of the inverse head and shoulders , so lets see if Uniswap can follow. A break above $24 with good volume could be a good place for a long. That said, right now there is the 200MAs serving as resistance, so price needs to break through that; failure to do so could send prices lower and invalidate the inverse head and shoulders bottom breakout setup.

As always, I’m not a financial advisor, do your own research, and stay safe!

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