Over the past week, UNI has continued its price growth within an ascending channel and has shown a strong negative reaction by hitting an important resistance in the $7.62-$8.
The bottom of the ascending channel has yet to be broken, and due to the solid retracement for this dynamic support, the possibility of breaking this range has increased.
More power is still in the hands of buyers. But if the bottom of the channel is broken, the first valid support is $6.56 to $6.67, and the second support is $5.95 to $6.11. The weekly timeframe candles show that as long as the second support holds, there is potential for another strong up move.
The closest near-term support to the current price is $7-$6.96, which exactly overlaps with the bottom of the long-term ascending channel. So the continuation of the price trend depends on how to react to this range.
The bottom of the ascending channel has yet to be broken, and due to the solid retracement for this dynamic support, the possibility of breaking this range has increased.
More power is still in the hands of buyers. But if the bottom of the channel is broken, the first valid support is $6.56 to $6.67, and the second support is $5.95 to $6.11. The weekly timeframe candles show that as long as the second support holds, there is potential for another strong up move.
The closest near-term support to the current price is $7-$6.96, which exactly overlaps with the bottom of the long-term ascending channel. So the continuation of the price trend depends on how to react to this range.
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Join our channel:
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🔵 t.me/monocoin_public
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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.