UNI looks primed
After a 22 months long bear market UNI finally breaks the market structure.
Deviation -> Reclaim -> Consolidation -> Breakout
To me it looks good. Targeting the red area.
Deviation -> Reclaim -> Consolidation -> Breakout
To me it looks good. Targeting the red area.
Note
UNI has been stalling slightly above the diagonal for a few weeks now, maybe too many weeks. Not showing enough relative strength against BTC.If it goes back into the pattern I wouldn't be as much optimistic on the idea.
Below $5.2 the deviation thesis gets invalidated.
Trade closed manually
The setup has become suboptimal. It's taking too long to show the slightest sign of strength.Trade closed manually
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.