As I mentioned in my previous uni post, if it drops to this level, it's a good buy. the only negative thing that I can see is that it's at the top of the channel in the BTC UNI trading pair this might indicate a breakout. Alts have become more and more disconnected from bitcoin over the past week so.
Uniswap is retesting the triangle breakout here and it looks like a good buy both on USD and BTC trading pair but there is a lot of new money in the market that might get scared and sell, However, I assume that most of them are in the coins that pumped hard like doge, eth classic, bitcoin diamond, that kind of stuff so keep this in mind.
I believe another good buy opportunity is about to arise for Uni, its already wicked down and hit the bottom of the channel but I believe it might go down for a 4 hour close at that level as well. The Uni BTC chart also looks very great with a triangle breakout to the upside and now a retest of that triangle.
if I look at the btcltc chart I see only bullish indicators. when I look at this chart aswel. Before the correction everyone was bullish and it went down. now everyone is bearish and I have the feeling it's going to go up. this is not financial advice think this is a high-risk play so I'm keeping my stop loss close but I do see some upside if I'm being honest.
Uni has fallen back to the Red trend line. if it bounces back this might turn out to be a head and shoulders pattern but hopefully its just a healthy correction after having serious difficulty breaking all-time highs.
This is turning out to be a very bearish outcome. I had hoped DOT would break out to the upside considering the hidden bullish divergence in the Rsi. Still a chance it wikks down and slings back into the pattern but its unlikely.
Unlike the pattern I just shared for dot, Uni is holding its previous trend line. These are some ideas but it's guestimation at this point, with time there might be more clarity about what will happen but I remain bullish.