$UNI descending triangle?
Updated
UNIUSDT has made a great upward movement and has formed a descending triangle with declining volume in 30m chart, if it plays out, look for the next support, if it breaks to the upside, 8$-10$ isn't that far fetched.Comment
There's also a hidden bearish divergence in RSI which is a sign to be cautious for buy orders.Trade active
The analysis worked out and it broke to the downside, first target is from 4.5$ to 4.7$ and my last target is eventually approximately 3.9$. God speed!Trade closed: target reached
First target mentioned above reached.Trade closed: target reached
Second target reached also. Good trade!
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.