UNI - 4h. The growth of UNI will end at $23.5

2 feb 2021

The new wave of UNI growth, which began on January 21, gave investors + 200%. The extremely strong growth trend did not stop at rest, even in consolidation.

As you can see in the chart, the price moves in a clear growth channel, which on a larger timeframe looks like an impulse.

Global buyer support is in the range of $15-15.6. This range slowed the wild growth of Uniswap for almost 3 days.

The local point of reference for buyers is $17.7. Buyers managed to break this level and confidently keep it.

Our main scenario is continued growth with a goal of $ 23.5. We wrote about this goal in our global idea:

Given the strong growth trend, we assume that the process of reversing the price will take some time. As long as the UNI price is above $15-15.6, buyers have the initiative and can continue to push the price up.

Let's see if the UNIUSDT market will be affected by the possible continuation of the BTC correction.
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