After the bullish momentum Jerome's speech gave the markets, UNI has skyrocketed to 6.000 USDT.
I believe this is another reaction rally and we won't be able to find support, so I'm going to open up a UNI position. I may add onto this as time goes on.
Our 4-hour chart is starting to signal overvalued but the TOTAL doesn't have the momentum to keep this push up forward.
We're about to break up over our Ichimoku cloud of resistance. Typically when this happens we'll see a small rally then a sharp drop. There are no layers of support or resistance in our current area.
Our momentum indicators, MACD and TSI and also slowly pulling back.
I believe this is another reaction rally and we won't be able to find support, so I'm going to open up a UNI position. I may add onto this as time goes on.
Our 4-hour chart is starting to signal overvalued but the TOTAL doesn't have the momentum to keep this push up forward.
We're about to break up over our Ichimoku cloud of resistance. Typically when this happens we'll see a small rally then a sharp drop. There are no layers of support or resistance in our current area.
Our momentum indicators, MACD and TSI and also slowly pulling back.
