UNI/USDT Ascending Triangle 1D
An ascending triangle reversal pattern is playing out for Uni. The upper resistance of the triangle is the .382 fib level, a break out would be confirmed with a daily candle close above this resistance followed by good volume for more confirmation. MACD is also flashing bullish with a bullish cross, CCI is above 0 confirming uniswap is in a buying market making a break out likely. There is possible resistance at the .5 fib level (highlighted red) so if a break out occurs there is confirmation for the retest being a safe entry.
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.