Bullish Signal for Uniswap? Decoding the 4-Hour Chart

The UNI/USD 4-hour chart shows an interesting development with a potential resemblance to a bullish pennant pattern. Based on technical analysis, if this pattern is confirmed, it could theoretically indicate a move beyond $16. However, remember that the crypto market is volatile and reaching this target is not guaranteed.
Chart PatternsPennant

USDT: 0xd3787d843Cf915E5475119459B34b6429827c297

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