UniLend Finance breaking out? Small DeFi Gem
It's been a while! Last year I gave everyone some really great trade ideas. This one looks like it's going to melt faces.
UFT has been printing candles in a consolidation range, for some time, under the 21D EMA. Recently we closed our first candle above the 21D EMA and we seem to be headed towards our next resistance around the 50D EMA.
Let's talk indicators. The RSI is 55.4 and looking nice and erect. The MACD gave us a buy signal off the floor of the current consolidation range, back near the 16th of last month. The MACDs histogram shows that we're still seeing nice buying pressure, even though we recently had a small sell off after a token unlock at the beginning of Jan 2021. In addition, the Stoch RSI gave us a buy signal today on the daily chart. There's plenty of BULLISH confluence here.
From a fundamental standpoint, the project is making absolutely huge technological leaps and bounds; this can be displayed via their GitHub repository. They have made HUGE partnerships in 2021, please check out their announcement channel on Telegram.
Right now, major thought leaders in the space, like the Winklevoss Twins are looking for the next big plays in DeFi. All this chart needs is a major catalyst and it would absolutely MOON. Not financial advice, good luck everyone.
UFT has been printing candles in a consolidation range, for some time, under the 21D EMA. Recently we closed our first candle above the 21D EMA and we seem to be headed towards our next resistance around the 50D EMA.
Let's talk indicators. The RSI is 55.4 and looking nice and erect. The MACD gave us a buy signal off the floor of the current consolidation range, back near the 16th of last month. The MACDs histogram shows that we're still seeing nice buying pressure, even though we recently had a small sell off after a token unlock at the beginning of Jan 2021. In addition, the Stoch RSI gave us a buy signal today on the daily chart. There's plenty of BULLISH confluence here.
From a fundamental standpoint, the project is making absolutely huge technological leaps and bounds; this can be displayed via their GitHub repository. They have made HUGE partnerships in 2021, please check out their announcement channel on Telegram.
Right now, major thought leaders in the space, like the Winklevoss Twins are looking for the next big plays in DeFi. All this chart needs is a major catalyst and it would absolutely MOON. Not financial advice, good luck everyone.
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