1. H&S on the 4H TF
2. The last candle (beginning at 04:00 UTC) depleted the daily demand zone almost completely.
3. The neckline is at 8.13. if UNIFI tests the neckline a resistance, this is your short signal.
4. The 1H and 4H RSI is close to oversold. Therefore, it could bounce up a little bit.
5. Don’t be hasty. Wait for confirmation.
Trade Idea:
• Entry:...
UNIFI is practically the only alt above its weekly moving averages and has just broke on the weekly chart. This would be the only alt I would hold without taking any out on a push. This is a phenomenal long term buy as there is support under price and should hold an up trend pushing highs on every crypto market bounce.
Hello 🐋
Based on the chart, after long time range market and correction, we have appropriate amount of the volume for the price and long shadows and break out of the trend line and descending channel to the upside.
if
the price breaks the round number of $12 and the resistance area to the upside, we will see more gain 🚀
otherwise
we can see brief a correction...
