BTCUSD - Bitcoin casually following path of next year ?Don't put to much credit on this one because even me I'm not believe my eyes
but this is the reason why I'm not taking profit yet
13 november 2024 is 25 October 2023
- Fibs extensions fit super well with this path,
- it's another confirmation for the green path I drew a month ago
- 97K for the next coming 10 days is very likely to me
- 120K for 25 december 2024 looks like a fairy tale and I want to believe
=> more than 10% drawdown for BTC is a partial take profit for me and a redistribution in more risky altcoins
I made a sort of indicator on my own that says if a certain coin will be worth it to buy for this bull run or no. Can already tell you that SOL , FET , STX and UNI are in it. Will show you my picks next month.
See you
not financial advice
UNI
Uniswap UNI price "wake up"💰 The city falls asleep - the unicorn CRYPTOCAP:UNI wakes up
Now OKX:UNIUSDT price has "hit" from down the local trend line, so:
if you are a happy holder of the #Uniswap token, just keep your fingers crossed that the price will break through and continue to move towards $13
if you want to buy this asset for your crypto portfolio, with the prospect of taking +70% profit by the end of the year, then first wait until the #UNIUSD price breaks through and consolidates above the red trend line.
_____________________
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UNI | UNISWAP Are we in DeFi Summer?
The price of Uniswap is $6.4 today with a 24hour trading volume of 158 million dollar. This represents a 5% price increase in the last 24 hours and a 28% price increase in the past 30 days
but what is UNI and what is UNI SWAP?
UNI is the governance token for Uniswap. UNI was introduced on 16th September 2020 through a retrospective airdrop to users who have interacted with the protocol either by swapping tokens or by providing liquidity.the UNI token allows token holders to participate in the governance of the protocol. Key decisions such as usage of the treasury or future upgrades can be decided through a governance vote.
Uniswap is a decentralized exchange that makes it easy for users to swap an ERC20 token for another ERC20 token without the need of a centralized intermediary. With a DEX, traders do not have to deposit their tokens on an exchange and be exposed to the security risks of a centralized exchange.
UNI's relative strength index of 63 shows bullish momentum is gathering steam but not yet overheated. The moving averages are aligned for more gains as well, with UNI trading above its 10day, 50day and 200day simple moving averages. Overall, the technical posture looks strong
next targets are 6.5, 6.7 and "6.9" $
whats your top defi token?
Uniswap ($UNI) Jump 5% on Upbit Listing: Major Breakout IncomingUniswap ( BME:UNI ), the native token of the world’s leading decentralized exchange, has recently caught the crypto market’s attention with a notable 5.2% surge following its listing on South Korea's largest cryptocurrency exchange, Upbit. This uptick in price, currently hovering around $8.31, brings fresh bullish sentiment to BME:UNI as it rides the wave of several key developments, including the upcoming launch of its Layer 2 (L2) blockchain, Unichain.
Unichain: Uniswap’s Game-Changing Layer 2 Solution
In the ongoing race to scale Ethereum, Uniswap has made a bold move by developing its own Layer 2 blockchain, Unichain. Set to be built on the Superchain using the OP Stack framework, Unichain is currently in its testing phase, with a mainnet launch expected in Q4 2024. This innovative step aims to address Ethereum's scalability challenges and bring Uniswap to the forefront of blockchain evolution.
Unichain is not just about scaling; it represents a massive upgrade for Uniswap’s ecosystem, particularly by migrating part of its liquidity from Ethereum’s Layer 1 to its own network. This shift will unify liquidity pools and significantly reduce slippage, boosting the overall trading experience. Moreover, Unichain will follow Ethereum’s founder, Vitalik Buterin's vision of offloading transactions to L2 solutions, easing congestion on Ethereum’s mainnet.
As Unichain takes form, BME:UNI is expected to become its native token, driving demand as users rely on it for transaction fees, staking, and governance. This integration could bring more utility to BME:UNI , positioning it for substantial long-term gains.
Uniswap’s Dominance: A Force in Decentralized Finance (DeFi)
Uniswap is already a giant in the decentralized exchange (DEX) space. As of October 2024, it leads the market with $5 billion in Total Value Locked (TVL), eclipsing its closest competitor, PancakeSwap, which holds $1.7 billion. Uniswap processes over $350 million in daily trading volume, supporting more than 2,000 token pairs, and has a staggering 1.2 million active users daily.
Uniswap’s innovation continues to cement its dominance. In February 2024, the platform introduced a revamped staking model for its BME:UNI token, transitioning it into a governance and reward asset. Now, with the upcoming Unichain launch, Uniswap is once again ahead of the curve, poised to redefine how decentralized applications (dApps) scale and interact with Ethereum.
Uniswap's Upbit Listing: A Boost for BME:UNI
The recent listing of BME:UNI on Upbit’s KRW and USDT markets added significant short-term momentum to the token. The South Korean market’s enthusiasm for decentralized finance and Ethereum-based projects played a crucial role in BME:UNI ’s 5% price surge, bringing fresh liquidity and investor interest.
This listing coincides with other positive developments, including Uniswap’s $850,000 grant to OpenZeppelin for the development of the v4 Hooks Contracts Library. This upgrade aims to increase the security of Uniswap’s smart contracts while empowering developers to build advanced features like liquidity management and fee optimization with reduced coding risks.
Technical Analysis
On the technical side, BME:UNI is trading within a rising trend channel, up 3.42% at the time of writing. The token has been stuck in a falling trend for over a year, but the combination of fundamental catalysts is starting to push the price higher. A critical resistance level is forming around $11, and a breakout above this point could signal the start of a more sustained bullish campaign.
The 50-day moving average is beginning to converge with the 200-day moving average, indicating a potential golden cross pattern, which is often seen as a strong bullish signal. If BME:UNI manages to climb above the $11 pivot, the next target could be as high as $14.50, followed by longer-term targets at $20 and even $30. On the downside, immediate support is found around $7.80; a dip to this level could trigger a period of consolidation before another leg upward.
Conclusion
Between Unichain’s development, increased utility for the BME:UNI token, and a strong technical outlook, Uniswap is in a prime position for future growth. The listing on Upbit has provided a fresh boost, and the launch of Unichain could serve as a long-term driver for BME:UNI ’s price appreciation. As always, investors should be mindful of volatility, but for those with a long-term view, Uniswap remains one of the most promising projects in the DeFi space.
With BME:UNI showing signs of breaking out of its long-term downtrend and the ecosystem expanding rapidly, now could be the time to keep a close eye on Uniswap and its native token. As the crypto space evolves, Uniswap is well-positioned to remain a key player, leading the charge in decentralized finance innovation.
UNI almost READY to make a MOVEChart Request on today's show
Recommended to set alert
at 8.574 and 4hr candle
MUST CLOSE above 8.201
Currently in a zone and trying
to break out
🚨- NOT READY - 🚨
Market Cap 4.66B
DEX / DeFi
Not Financial Advise - Entertainment Purpose Only
Always DYOR ( do your own research )
UNI USDTUNI has entered a strong uptrend since August’s sell-off. At the end of September, the token tried to break above the resistance zone (Yellow) at $7.622 - $7.930 but was rejected many times.
Now, UNI successfully broke above this resistance zone (Yellow) at $7.622 - $7.930. A strong volume influx drove the latest attempt, which, therefore, has a good chance of being sustainable. The next target will be the resistance zone (Blue) at $8.590 - $8.753. After a break above this Blue resistance zone, the next targets will be $10.607 and $11.994.
UNIUSD Will it break above the ultimate Resistance cluster?Uniswap (UNIUSD) broke yesterday above its 1D MA200 (orange trend-line) for the first time since July 03 but failed to close above it. The reason is the presence there of another strong Resistance level, the Lower Highs trend-line started on the March 06 High.
Those two form the ultimate Resistance cluster and only a 1D candle close above both can confirm the start of a new long-term rally. Technically the pattern is a Channel Up since late 2022 and a new rally would be its Bullish Leg.
The previous Bullish Leg rose by +337.70% so if we get that closing confirmation, we will turn bullish again, targeting a Higher High at $20.000 (just below the +337.70% mark).
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👇 👇 👇 👇 👇 👇
#UNI/USDT#UNI
The price is moving in an ascending channel on the 1-day frame and is sticking to it very well and is about to break higher
We have a bounce from the lower limit of the channel at 6.37
We have an ascending trend on the RSI indicator that is about to break, which supports the rise
We have a trend to stabilize above the 100 moving average
Entry price 7.16
First target 8.90
Second target 10.00
Third target 11.62
UNI (Uniswap): Channel Down BreakoutTrade setup : Price is in a Downtrend, however, it had a bullish breakout from Channel Down pattern, above $6.50 resistance, which could signal at least a temporary bullish trend reversal, with upside potential to $8.00. Stop Loss at $5.40. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Learn to trade breakouts in Lesson 7 and Risk Management in Lesson 9. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Strong Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $5.60, then $4.80. Nearest Resistance Zone is $6.50, then $8.00.
UNI (Uniswap): Channel Down BreakoutTrade setup : Price is in a Downtrend, however, it had a bullish breakout from Channel Down pattern, above $6.50 resistance, which could signal at least a temporary bullish trend reversal, with upside potential to $8.00. Stop Loss at $5.40. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Learn to trade breakouts in Lesson 7 and Risk Management in Lesson 9. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Neutral, Medium-term trend is Down and Long-term trend is Strong Down.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $5.60, then $4.80. Nearest Resistance Zone is $6.50, then $8.00.
Aug 21Overview:
There were no surprises in the Fed’s meeting minutes. "Officials were confident about the direction of inflation and are ready to start easing policy if the data continues to cooperate." However, too many traders are interpreting this as “on September 18th, my $stonks go up.” Don’t be one of them.
VANTAGE:SP500 posted another green candle, but momentum is slowing as it approaches its ALH, now just 0.82% away. We might see it by the end of the week, reducing the chances of $ BINANCE:BTCUSDT BTC crashing this weekend.
$63.2k is still a possibility for BINANCE:BTCUSDT BTC as it slowly inches closer, needing only a 4.28% increase over the next 2-3 weeks.
W: Heading to close this week green. No divergences.
D: Finished Wednesday strong, posting a green candle, solidifying the BB MA breakout, and escaping the $60.2k level, which should now turn into support. Expecting to close the week between $60.2k and $63.2k.
4h: No divergences. Range trading.
1h: No divergences. Range trading.
Alts Relative to BTC: No divergence relative to BINANCE:BTCUSDT BTC.
Bull Case: Same as yesterday. We’ve likely passed the bottom (or an intermediate bottom), and with the booming VANTAGE:SP500 , expected rate cuts each month, and more institutional money flowing into risky assets in September, we should continue marching up. IPO stocks, small-cap tech stocks, and crypto are poised to benefit.
Bear Case: Same as yesterday.
Fear and Greed Index: Slowly trending higher, now almost exactly in the middle at 49.59. Untradeable.
Prediction: Close this week green, then grow to $63k next week before a drop.
Opportunities:
BINANCE:UNIUSDT UNI Expected to complete its move to $7.52, offering a 7.87% gain.
BINANCE:ARUSDT AR, BINANCE:APTUSDT APT, BINANCE:TAOUSDT TAO Have shown better price action in the last couple of days and may continue trading higher next week, as BINANCE:BTCUSDT BTC stays within its range. These moves are not indicator-driven, so proceed with extreme caution and tight stop-losses.
Aug 19 and week's overview.Overview:
The weekend passed without significant CRYPTOCAP:BTC price movement, holding the daily level at $58.2k. On Monday, bulls rallied, managing to push the price up to $58.4k, signaling a potentially bullish week ahead. This renewed buying interest could be attributed to the VANTAGE:SP500 closing with a strong +1% gain, reminding traders of the generally positive performance of stocks in August, though caution is warranted as September and October tend to be more turbulent. CRYPTOCAP:BTC has bounced off the $58.2k level roughly five times in the last eight days. This marks the second correction week after BTC’s 30% crash, with a 23% recovery so far, suggesting a possible rally towards the next weekly level of $63k. Trading within this midrange is risky, as the price could move in either direction. Tight stop-losses (1-1.5%) and modest take-profits (3-3.5%) are advisable.
Global Liquidity: Growing, which is bullish.
Open Interest: Declining, but Monday saw increased capital commitment, indicating short-term bullishness.
Last week ended with a small-bodied red candle, which is neutral to bearish. A similar pattern was seen in late May 2021, where a brief 18% rally was followed by a 30% decline.
Weekly: Range trading with no divergence.
Daily: Monday approached the BB MA, and early Tuesday broke above it, trending upward with a potential 3.7% gain. The current candle is still forming, so it's unclear if this is a genuine breakout or a false move.
4h: No significant changes or divergences.
1h: Increasing volume suggests the current upward trend is strengthening, though the RSI is in overbought territory above 70. If the RSI forms a double top near $63.1, it could be a shorting opportunity.
Alts Relative to BTC: While BTC has broken above the BB MA, altcoins have only cautiously approached it. Retail traders seem to have caught on to Grayscale’s announcement of new trusts for NYSE:SUI and GETTEX:TAO , with GETTEX:TAO up 17% in the last four days, as we anticipated in our August 11th analysis.
Bull Case: BTC continues to rally towards $62-63k, completing the recovery from the recent crash.
Bear Case: Swing traders may turn bearish and start selling off.
Fear and Greed Index: Rising, currently at 46.14 since August 16th.
Prediction: BTC is likely to rally to $63k, with altcoins like NYSE:SUI , AMEX:NEAR , AMEX:APT , NYSE:AR , and GETTEX:TAO potentially gaining 7-10%.
Opportunities:
AMEX:NEAR : Approaching its weekly resistance at $4.38, offering a potential 6.45% gain.
UPCOM:FTM : Has reached its weekly resistance at $0.4.
Also, do you remember DeFi? ASX:MKR and BME:UNI , which are trading at pre-BTC ETF demand levels despite their strong fundamentals. They are actually earning hard cold cash, proving a use case for crypto: In July ASX:MKR earned fees: $19.7m, revenue of $7.54m; Aave fees $29.4m, revenue of $4.78m; and Uni collecting $47.7m in fees with no revenue provided.
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UNI (Uniswap): Approaching SupportTrade setup : Price got rejected at $12 resistance three times (Triple Top) and pulled back below 200-day MA (~$9.00), which is a sign of downtrend. Trend Traders : wait for price to regain that critical level to signal resumption of uptrend. Swing Traders : price is approaching $6.75 support, which has held up several times and could be a swing trade entry opportunity with upside to $8.00 - $9.00. This is a riskier trade setup because it’s against the overall downtrend. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions.
Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $6.75. Nearest Resistance Zone is $10.00, then $12.00.
Urgent UNIUSDT Analysis: Is a Major Move Coming?Yello Paradisers! Is #UNIUSDT gearing up for a breakout or a breakdown? Let's dive into the details and find out!
💎#UNIUSDT has been a strong performer, establishing higher highs and higher lows, and it’s currently positioned just above its daily support level of $7.16-$6.607. UNIUSDT has probability to revisit the support zone. A successful Change of Character (CHoCH) here could propel it towards the most probable Daily Fair Value Gap (FVG), aligning with a minor resistance zone around $8.649.
💎If bullish momentum continues and volume surges, UNIUSDT will encounter significant resistance between $10.10 and $10.617. The Relative Strength Index (RSI) is currently at 41. We anticipate it might drop to around 28, forming a bullish divergence, which could signal a probability of upward movement. Recent price action also indicates a liquidity grab, including buy-side liquidity.
💎However, if a daily candle closes below $6.063, this would invalidate the uptrend as support will be broken out.
Remember, Paradisers, patience and discipline are key. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way to succeed in your crypto trading journey.
Trade smart and avoid the herd mentality. By mastering your willpower and sticking to a robust strategy, you'll already be ahead of most traders out there. Keep pushing, and you'll find yourself in the winner's circle .
MyCryptoParadise
iFeel the success🌴
UNI Market Outlook: Trends and Levels to Watch✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the UNI coin in the crypto market.
🗂 About the Project: UNI, or Uniswap, is a decentralized trading protocol known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. Uniswap is also the name of the company that initially built the Uniswap protocol. The protocol enables users to trade crypto assets directly from their wallets without relying on a centralized intermediary.
⌛️Weekly Timeframe
In this timeframe, UNI has experienced significant movements. Recently, it saw a downward trend reaching a critical support level of 7.030. Following this, the price has shown some consolidation, suggesting a potential shift in trend.
📈 If UNI stabilizes above 7.030, we can anticipate bullish momentum potentially pushing the price towards the next resistance at 12.099. Confirmation of a new upward trend will depend on candle stability above this level.
📉 Conversely, if UNI falls back and stabilizes below 7.030, it indicates a bearish trend continuation. The next critical support level would be around 4.039.
📊 In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence.
⌛️Daily Timeframe
🔍 On the daily chart, UNI ranged around the 8.193 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 7.280.
🧲 Given the current setup, a stabilization below 7.280 could signal another bearish wave. On the flip side, if the price moves above 8.193, it could indicate the start of a bullish trend, targeting higher resistance levels.
⌛️4-Hour Timeframe
📈 In the 4-hour timeframe, UNI has pulled back to the resistance at 7.683. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement.
📉 For short positions, the key levels to watch are 7.683 and 8.278, where price reactions could provide better entry points. For long positions, critical levels are 7.463 and 6.945.
💥RSI Oscillator
The RSI is currently ranging between 42.46 and 53.05 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points.
📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans.
⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
UNI is bearishThe structure is bearish on large time frames.
The liquidity pools in the upper part of the chart have been swept and now the price is going to move towards the liquidity pools in the lower part of the chart.
The short-term target is the demand range.
In the long term, our buy position is the place we specified at the bottom of the chart.
Closing a daily candle above the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
UNI (Uniswap): Approaching SupportTrade setup : Price got rejected at $12 resistance three times (Triple Top) and pulled back below 200-day MA (~$9.00), which is a sign of downtrend. We wait for price to regain those critical levels and signal resumption of uptrend. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions.
Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Up.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $8.00, then $6.75. Nearest Resistance Zone is $10.00, then $12.00.
UNI (Uniswap): Approaching SupportTrade setup : Price got rejected at $12 resistance three times (Triple Top) and pulled back below 200-day MA (~8.91), which is a sign of downtrend. We wait for price to regain those critical levels and signal resumption of uptrend. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions.
Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Strong Up.
Momentum is Bearish (MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $6.75. Nearest Resistance Zone is $10.00, then $12.00.
UNIUSDT Potential DownsidesHey Traders, in today's trading session we are monitoring UNIUSDT for a selling opportunity around 7.60 zone, UNIUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 7.60 support and resistance area at 7.60 support and resistance area.
Trade safe, Joe.
UNIUSDT Losing Momentum for a Further Downward Move? Yello, Paradisers! Let’s dive into the latest analysis of #Uniswap (#UNI) and see what might be next for #UNIUSDT.
💎#UNIUSDT has been trading within a falling wedge formation on the 12H timeframe. This pattern is generally considered bullish, but current market conditions suggest caution. Currently, #Uniswap is retesting the falling wedge's lower support level, and there is a possibility that it might drop further.
💎The failed breakout from the falling wedge reinforces a bearish bias. If BME:UNI fails to break above the resistance level, the downward trend could continue.
💎The diminishing trading volume and the Point of Control (POC) of the Volume Range Volume Profile (VRVP) acting as resistance increase the likelihood of a further drop. If #UNI fails to hold the support at the falling wedge's lower boundary, it is likely to retest the major support zone around $7.00.
💎The key support zone, which has been tested and respected multiple times, lies between $6.40 and $7.00. If UNI fails to hold at these levels, the next major support to watch is at $5.886. This area is critical as it is packed with liquidity and can create a good chance of a pullback if tested.
💎The bearish invalidation level is marked above the resistance at $9.459. A break and close above this level could invalidate the bearish scenario and potentially lead to a bullish rally.
Stay focused, patient, and disciplined Paradisers
MyCryptoParadise
iFeel the success🌴