#UNI Uniswap 1D - Big Move ComingHello friends, today I am reviewing the 1D chart for Uniswap (UNI) on a linear scale.
In the chart I noted:
1) The price has been in a long term triangle with a breakdown since May 2021.
2) Currently, the price hit the bottom of the long term trendline since January 2021 and bounced off of it.
3) The price has the potential to move up about 20% to around $25.41.
3) The RSI came out of the oversold region and has potential to bounce towards the top trendline.
4) The Ichimoku Cloud is above the price and at the top of the cloud is where the resistance is.
5) The Volume is currently very low. If volume comes in, we may be able to break out of this long term triangle.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
