UNI - 6h. What UNI needs to Grow 70%?
Updated
It has been 19 days since the UNI market has been in consolidation. The growth of 600% from the end of December 2020 should be corrected. In this case, the correction takes place in the consolidation range and does not suggest that the UNI price will continue to fall.
Critical range of $16.7-17.7 is guarded by buyers. During the consolidation, trading volumes on the UNI market dropped significantly, which indicates the absence of aggressive sellers.
If buyers hold the $16.7-17.7 mark by the end of the week, we will expect the UNI price to continue rising with a target of $33-34.
However, it would be ideal if buyers can maintain the local range that has always helped buyers continue the trend - the range of $18.8-19.2
We will consider an alternative scenario for the continuation of the UNI price fall to $13-15 only after breaking through the range of $16.7-17.7
_______________________
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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Critical range of $16.7-17.7 is guarded by buyers. During the consolidation, trading volumes on the UNI market dropped significantly, which indicates the absence of aggressive sellers.
If buyers hold the $16.7-17.7 mark by the end of the week, we will expect the UNI price to continue rising with a target of $33-34.
However, it would be ideal if buyers can maintain the local range that has always helped buyers continue the trend - the range of $18.8-19.2
We will consider an alternative scenario for the continuation of the UNI price fall to $13-15 only after breaking through the range of $16.7-17.7
_______________________
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!
Trade closed: target reached
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