✴️ Uniswap Bullish Breaks Long-Term Consolidation Pattern
Updated
Quite the boring title you have there, it leaves no room for guessing.
We are looking at a weekly timeframe and the current session trades at the highest level to the upside since July 2022. Last week closed full green and so far this week is full green as well. Uniswap strong bullish bias confirmed.
A 525 days long consolidation pattern has been broken to the upside, this signal as well indicates potential for long-term growth. Long-term because of the higher highs and higher higher lows but a bullish wave can last a few weeks to a few months max, then a correction that ends higher compared say to October or June 2023, much higher.
We are very early overall... The next bull market is very like to produce a new All-Time High reaching prices off the chart.
Namaste.
We are looking at a weekly timeframe and the current session trades at the highest level to the upside since July 2022. Last week closed full green and so far this week is full green as well. Uniswap strong bullish bias confirmed.
A 525 days long consolidation pattern has been broken to the upside, this signal as well indicates potential for long-term growth. Long-term because of the higher highs and higher higher lows but a bullish wave can last a few weeks to a few months max, then a correction that ends higher compared say to October or June 2023, much higher.
We are very early overall... The next bull market is very like to produce a new All-Time High reaching prices off the chart.
Namaste.
Comment
We can say the first target is hit and it only took eight days.Looks like additional growth is possible.
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