Short UNI @ 6.300 USDT 10x leverage
We've reach a local top for the crypto market. Our momentum has consolidated and a reversal could be starting.
We're experiencing a move downward on the TOTAL, as well as a move up on the DXY. A sign of a potential reversal down for crypto.
If our local support at 6.2 breaks, this will be a profitable short. We will retest the 200-day EMA.
Our MA on our RSI has fallen underneath our RSI line, a bearish sign. We are also extremely overvalued for 1hr time chart.
Our MACD has also made a bearish crossover as momentum thins and the price has started to pull back.
We're experiencing a move downward on the TOTAL, as well as a move up on the DXY. A sign of a potential reversal down for crypto.
If our local support at 6.2 breaks, this will be a profitable short. We will retest the 200-day EMA.
Our MA on our RSI has fallen underneath our RSI line, a bearish sign. We are also extremely overvalued for 1hr time chart.
Our MACD has also made a bearish crossover as momentum thins and the price has started to pull back.
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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.