UNIUSDT 4H Interval- Targets and Stoploss
Hello everyone, let's take a look at the 4H UNI to USDT chart as you can see that the price is moving below the uptrend line and we are still below trending as well.
Let's start by setting goals for the near future that we can take into account:
T1 = $5.53
T2 = $5.72
T3 = $5.89
T4 = $6.04
and
T5 = $6.26
Now let's move on to the stop loss in case the market goes down further:
support zone from $5.44 to $5.14
SL2 = $4.28
Looking at the CHOP indicator, we see that the energy is heavily depleted on the 4H interval, the MACD indicates a local downtrend, while the RSI is at the lower end, which could potentially indicate upcoming increases.
Let's start by setting goals for the near future that we can take into account:
T1 = $5.53
T2 = $5.72
T3 = $5.89
T4 = $6.04
and
T5 = $6.26
Now let's move on to the stop loss in case the market goes down further:
support zone from $5.44 to $5.14
SL2 = $4.28
Looking at the CHOP indicator, we see that the energy is heavily depleted on the 4H interval, the MACD indicates a local downtrend, while the RSI is at the lower end, which could potentially indicate upcoming increases.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.