WicktatorFX

UNISWAP - Reversal Patterns 👀

BINANCE:UNIUSDT   UNI / TetherUS
Uniswap has recently broken out of a descending wedge, which is a common reversal pattern. After breaking out, we appear to be coming back to the lows - possibly double bottom, which is another reversal pattern. Both the descending wedge and double bottom patterns are indicating that we may get a bullish reversal very soon!

Trade Idea:
- Watch for price action around the double bottom region
- Once bullish PA appears, enter with stops below the lows
- Targets: 28, 44, actively manage the rest

Goodluck and as always, trade safe!

Want more chart ups like this? Click the links below:

Forex: t.me/Wicktator

Crypto: t.me/Crypto_Wick

Forex VIP: t.me/WicktatatorVIP_bot

Crypto VIP: t.me/CryptoWickBot
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.