UNI is heading to 38000-40000sts and it may finish this target in next days. This level is really important because if it broken, we will see the 50000sts soon.
We can buy it around 30000sts for a small bag and then buy more if it drops to 26500sts
This plan will be invalid if it drops below 24000sts
💎Technical Analysis Summary💎
-UNI broke key support area and retested as a new resistance zone
-This is looking Bearish in the midterm in terms of price action
-If this small Bear flag confirms the downward direction
-The next key area of support is located at 29000-27000 sat
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A breakout can soon happen in either direction as a Symmetrical Wedge Formation formed. Also pay attention to the narrowing Fibonacci Bolinger Bands which also indicates the same.
Personally I think UNIBTC pair is much more indicative than UNIUSDT as UNI follows BTC path unless some individual significant movement occur.
It just reflects it with a coefficent so...
Its looking like UNI/BTC aim to test previous support turn resisance now
Around 0.00035-0.00038 we should looking carfully at that level
1- if price can hold above then we can see nice move more upward and will look for buy position on pullback
2- if it hit resistance and re-tracement happen to down again then it can be a good sell position
After the break of two small channels and a growth of 30%, we have now entered a new level of price and we are faced with resistance of the main downtrend channel.
Facing the main channel while not corrected .. Is it capable of breaking the descending channel authoritatively? Or will it go to lower levels for a correction?
Long awaited retracement (from bottom) started. As far as it lasted, seems strong but it also takes its power from the rise of BTC. Therefore any trend reversal on BTC will highly effect the road it will follow.
This is not an investment advice so please always DYOR.
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While everyone is trashing Uni and dumping it with bearish attitude. Uni secretly broke trend line on BTC pair. Moon shot incoming. I feel Uni is our Next link. I still remember days when Link was 1.5 dollars. Guys don’t miss this train! DYOR.