Today’s analysis – UNIUSDT- trading above a key Daily level with further upside probable,
Points to consider, - Price Action Broadening Wedge (Partial Decline) - Daily S/R Support - Volume Influx - Oscillators Bullish Control Zones - Swing High Objective - Fibonacci Extension Targets
UNIUSDT’s immediate price action is trading in an ascending broadening wedge with a partial decline. The .382 Fibonacci has been respected, allowing for a bullish bias.
There is a volume climax that is indicative of a true break, volume follow through is needed for continuation.
Both oscillators are cuurently trading in there respective bullish control zones, maintaining these regions is indicative of strength in the market.
The swing high is objective, breaking this will greatly increase the probability of hitting the Fibonacci extension targets.
Overall, in my opinion, UNIUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work,
And remember.
“Win, loss whatever emerges in the short-term, place and manage your next trades untouched, unattached... always keeping your eyes on the long-term picture.”