Uniswap failed for the 4th time in 19 months to break out of the Trading Range between $4.00 and $7.30. Are we primed for yet another short?
How do we trade this? 🤔
If you followed my last Uniswap analysis, there was a great 1:2 Risk/Reward short opportunity on the Daily chart:
The initial chart failed to play out and was premature to the rip just above the...
Uniswap (UNIUSD) has been trading within a Bearish Megaphone pattern since the December 02 2021 High. It has been in a Bear Cycle since the May 05 2021 High. At the moment the price is testing (and so far being rejected on) the 1D MA50 (blue trend-line) which is unbroken since April 10. Last time we saw a similar 1D MA50 rejection on a downtrend with the 1D RSI on...
