Based on what we are seeing with current trends and patterns in the market, Uniswap appears to be forming an inverted wedge and is likely to continue its upward momentum with a breakout real soon.
As explained, stalking for the 1 hrly 13/50 ema cross over on a key level and what looks to be a good structure based on candle stick compression moving to an apex.
The video explains the rest.
All the best,
We are currently testing weekly resistance as support. if we get daily confirmations we could see a run to our 127% extension. HOWEVER< if we look fail to respect support, we could fall to the 50% fib and test that as our next support zone.
RR - 1:3.4
Time Frame: Daily, 4Hour, and Hourly
Welcome back! Day 86 of the 100 Days of TA is here! Today's spotlight is on UNISWAP (UNIUSDT). I talked about the next direction of UNISWAP and the whys. I showed some high probability setups here, what usually happens and what would happen.
Have fun watching today's video! If you think there's something I should...