UNI looks primed
Updated
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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