Uber Technologies (UBER) has been consolidating in a broad range and is now testing a major breakout above a significant resistance zone around the $81–$85 level, which historically capped price in early 2024.
1. Resistance Zone
Uber is pressing up against a multi-year resistance zone (~$83–$85).
Last breakout attempt (Feb–Mar 2024) resulted in a sharp rejection, forming a double-top structure.
2. Volume
Volume on this breakout is not significantly higher than previous sessions. Lack of strong volume confirmation is a yellow flag — bullish breakouts need conviction.
3. RSI (Relative Strength Index) – 4H: 73.91
Overbought territory (>70).
This is not sustainable for long without a cooling-off.
Bearish divergence alert: If UBER makes a higher high while RSI starts to slope downward, that would be a classic top signal.
4 MACD
MACD line is still rising, but very close to prior highs seen during failed breakouts.
The histogram shows momentum fading — peaks are lower despite price pushing to the high end of the range.
Potential bearish crossover incoming on further weakness.
5. Fibonacci Retracement
From the 2021 high to the 2022 low, the current price is pressing near the 78.6% retracement (~$85 area) — a classic reversal zone for tops.
Also aligns with prior horizontal resistance — confluence adds weight to this level being a potential top.
6. Sentiment
Sentiment around Uber has been improving — profitability inflection point, bullish news, positive guidance.
However, extreme optimism often accompanies tops. If everyone is bullish, who's left to buy?
Conclusion: A Probable Short-Term Top Forming
We now have RSI overbought, MACD momentum fading, no volume confirmation, and price pushing into a multi-year resistance cluster — this screams risk of a reversal.
This is a high-probability short setup for traders, especially if:
Price fails to close above $86.00 convincingly
RSI starts to diverge lower
MACD crosses down
A pullback to $75–78 is very likely on rejection.
1. Resistance Zone
Uber is pressing up against a multi-year resistance zone (~$83–$85).
Last breakout attempt (Feb–Mar 2024) resulted in a sharp rejection, forming a double-top structure.
2. Volume
Volume on this breakout is not significantly higher than previous sessions. Lack of strong volume confirmation is a yellow flag — bullish breakouts need conviction.
3. RSI (Relative Strength Index) – 4H: 73.91
Overbought territory (>70).
This is not sustainable for long without a cooling-off.
Bearish divergence alert: If UBER makes a higher high while RSI starts to slope downward, that would be a classic top signal.
4 MACD
MACD line is still rising, but very close to prior highs seen during failed breakouts.
The histogram shows momentum fading — peaks are lower despite price pushing to the high end of the range.
Potential bearish crossover incoming on further weakness.
5. Fibonacci Retracement
From the 2021 high to the 2022 low, the current price is pressing near the 78.6% retracement (~$85 area) — a classic reversal zone for tops.
Also aligns with prior horizontal resistance — confluence adds weight to this level being a potential top.
6. Sentiment
Sentiment around Uber has been improving — profitability inflection point, bullish news, positive guidance.
However, extreme optimism often accompanies tops. If everyone is bullish, who's left to buy?
Conclusion: A Probable Short-Term Top Forming
We now have RSI overbought, MACD momentum fading, no volume confirmation, and price pushing into a multi-year resistance cluster — this screams risk of a reversal.
This is a high-probability short setup for traders, especially if:
Price fails to close above $86.00 convincingly
RSI starts to diverge lower
MACD crosses down
A pullback to $75–78 is very likely on rejection.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.