UOS at convergence of multiple upward trends
UOSUSD pair shows a convergence of various high time frame up upward trends, including following an early stage parabolic move. UOS has held remarkably well during altcoins bloodbath with price dropping from 20 cents to 13 cents (-35%) and already back to 15.5 cents (-23%) compared to many altcoins selling off at 55-80% and barely any recoveries. Moreover, downward selling pressure has been very low volume, indicating that bots or algorithms holding small amounts of UOS were dumping and market participants quickly and aggressively buying dips. Altogether TA indicates a convergence of multiple upward trends and Fib extension is pointing to 40-44c range as the potential target for UOS within the next few weeks.
A more pessimistic scenario, marked in red indicates stagnation and downward ranging. However, breaking above 16.5 cents invalidates the pessmistic scenario already.
Medium term TP goal 40-44c
FA and roadmap for Q4 coupled with these technicals creates a powerful catalyst for positive price action.
A more pessimistic scenario, marked in red indicates stagnation and downward ranging. However, breaking above 16.5 cents invalidates the pessmistic scenario already.
Medium term TP goal 40-44c
FA and roadmap for Q4 coupled with these technicals creates a powerful catalyst for positive price action.
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