Uniswap took off like a rocket after making contact with the 200EMA, going from $4.85 to $6.30, a nice 30% rip! We're now approaching the bull channel resistance, will we keep going up? Or will we see a rejection and fall back down to the previous support?
How do we trade this?
This isn't a reasonable to long or short this timeframe. The gap between the 200EMA...
So UNI has been forming this large triangle...
It has been forming a smaller one (blue line) but unfortunately, we broke down (as all ht crypto market).
It has hit double resistance and pulled back to lower prices...
What can happen now??
Well, we could go to the support lane and form a double bottom and see an incredible pump... (yellow)
We could also see an...
UNI is in this nice triangle...
Right now it is forming a nice parallel channel.
I am expecting a break of this channel and a potential breakout from this triangle...
The short-term price target is 32.
It could also break down to the resistance... and go visit lower prices
UNI has been forming a nice triangle...
If it´s not too late we could see a breakout to new ATH...
We could also break down and pull back from the trend line...
- this is where I would be making a trade
If we break the trend line we could move to our last big support level around 20.
And also we could also see just consolidation out of the triangle just as ADA...
