UNI-3h. Buyers' plan: break $6.05 and test $8.3.
Updated
After a clear victory of buyers in a difficult consolidation match, the UNI price stopped at $6.05.
In the previous idea we expected a minimum target of $5.2. However, there was more potential for buyers.
The unsuccessful attempt of buyers to keep the mark of $6.05 allowed the sellers to relax. Low trading volumes during the attempt to increase the price in the period from 9 to 10 January called into question the continuation of price growth without correction.
On January 12, after a false break of the $5.2 mark, buyers launched a cautious counterattack. At the moment, the price of UNI is rising in the wedge and sellers are holding back as much as possible. Although most of these wedges are breaking down, it is important to see how buyers will behave at $6.05.
If trading volumes are low further - sellers will again test the mark of $5.2
Break of the mark $6.05 and fixing the price above this mark will open the door for buyers to continue to rise to $8.3.
______________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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In the previous idea we expected a minimum target of $5.2. However, there was more potential for buyers.
The unsuccessful attempt of buyers to keep the mark of $6.05 allowed the sellers to relax. Low trading volumes during the attempt to increase the price in the period from 9 to 10 January called into question the continuation of price growth without correction.
On January 12, after a false break of the $5.2 mark, buyers launched a cautious counterattack. At the moment, the price of UNI is rising in the wedge and sellers are holding back as much as possible. Although most of these wedges are breaking down, it is important to see how buyers will behave at $6.05.
If trading volumes are low further - sellers will again test the mark of $5.2
Break of the mark $6.05 and fixing the price above this mark will open the door for buyers to continue to rise to $8.3.
______________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
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