TradeCityPro | UNIUSDT Delay in Crypto Bullrun👋 Welcome to TradeCityPro Channel!
Let’s analyze today’s altcoin during these days when most people are focused on red candles and feeling FOMO, inviting you to stay calm.
I have a feeling that these corrections and the previously released interest rates have caused the bull run we have in mind to be slightly delayed, but this event has also increased its
probability.
🌐 Overview Bitcoin
As always, before starting today’s altcoin analysis, we’ll take a look at Bitcoin in the 1-hour timeframe. We’ve reached the 91830 support level and had a good reaction to it, which further highlights its importance.
However, after this reaction, we formed a lower high and got rejected, moving towards this level again. If you pay attention, exchange orders have significantly decreased, and we can say that no one is making any specific trades, with most people waiting.
If the 91830 support is broken, we can move toward 86,000 USD , In case of breaking this support and Bitcoin moving downwards, if its dominance is also dropping, it’s a good idea to open a short position on Bitcoin.
On the other hand, if Bitcoin dominance is breaking through the 58.11% resistance, altcoins will face sharper declines.
📊 Weekly Timeframe
In the weekly timeframe, UNI has a relatively better position compared to other altcoins and has shown good upward movements, which is not unrelated to its excellent DEX platform.
The weekly candle for this week will close in 3 days. However, what has happened is that last week’s candle has been engulfed, and a lower high has formed, which could indicate temporary profit-taking.
For another entry, this 14.844 resistance, which is currently being rejected, is a good trigger. The main ceiling is 18.865, where you can make your purchase, and your first target would be 42.575.
📈 Daily Timeframe
In the daily timeframe, after breaking through the 9.394 resistance, we had a good upward movement reaching 18.664, which has been a profitable move. It was logical to withdraw your initial capital when your investment doubled, leaving the rest of your coins free of charge.
After rejecting the 18.664 resistance, breaking the temporary 15.289 support, we moved toward 12.501, and after pulling back to 15.289, we formed a lower high than 18.664 and are now back at this critical support.
On the other hand, the 12.501 support zone aligns with the 0.382 Fibonacci level, which is of great importance. If we rebound from here, we can experience a good upward movement. However, breaking this support could lead to lower levels, such as 9.394.
The key point about UNI compared to other altcoins is that it is currently above a higher support level than the rest of the market.
If we fake out the 12.5 support, it’s a good trigger for entry , If we rebound from this support and break the 15.289 resistance, you can buy with a 12.5 stop loss , If you miss these two triggers, buy after breaking the 18.664 resistance with a confirmed 12.5 stop loss.
If none of these three scenarios are activated and the price moves toward lower levels like 9.394, I will update the analysis for you after the downward wave's momentum decreases and provide a new trigger.
Breaking the 12.5 support can also serve as a trigger for opening a futures position in lower timeframes, but don’t forget about profit-taking and small stop-losses. Overall, this is a chart worth having on your watchlist.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
