micjmor69

micjmor69

After breaking below a rising wedge, the volume to the downside died off and the bulls have re-entered with volume. The price has already broken through the 30.70 short-term resistance, but has had a little bit of a throwback. If the price breaks above 31 with volume, that would be a great long signal imo. My target is the 1.272 log fib, which is at 36.01

micjmor69

As can be seen in the chart below, the upward waves have been getting steeper while the downward waves have been getting shallower. This means the bears are losing momentum and the bulls are gaining momentum. There are also bullish divergences in the RSI. These signals combined mean it is extremely likely that we see an uptrend for 1-2 days at least to 48k and beyond.

micjmor69

After failing to confirm an ascending triangle breakout, UNI painted a mini rising wedge and a head and shoulders pattern. The breakdown target of the head and shoulders is 27.94, and the breakdown target of the ascending triangle is around 25.3. I will wait for a confirmed breakdown of the ascending triangle to enter a short position.

micjmor69

This is just an idea I've been entertaining for several days now, not financial advice. If BTC breaks above 50k, a ton of people would FOMO in because the price moved above a major psychological level for many people. But, if you look at the chart, there is obviously some heavy resistance between 50400 and 51500, which the price will probably reject off of IMO....

micjmor69

UNI is in an ascending triangle. Breakout upside target is 34.87, which is a ~13% long opportunity.