UNI has been trading in a horizontal channel since the may drop.
As it set in a significant higher low last week at around 21$, some indicators are turning bullish (On the daily chart: VIX printed a clear bottom, MACD turned bullish , RSI is making higher lows),
possible signalling that UNI is ready to break out of the channel.
When it breaks out, possibly uses...
As I'm confident Bitcoin will resume it's bullish run eventually, it's likely that we'll be going sideways for a while. A lot of people got wrecked in the latest correction, so we might need to regain confidence.
I think we are in a horizontal channel for now:
- if we go down, first resistance would be the bottom of the broader channel at 44k, if this breaks I...
Ethereum has been following this trend for about 2 years and has recently (begin august) broken back above.
We are now retesting this trend line for support.
If this holds, we should see a bullish move for Ethereum!
As a lot of people are talking about the possible Wyckoff accumulation, I've tried to map out how it could look on the charts.
We would currently be in phase C, where we just had the spring and now need the retest with a higher low then the spring.
After that we'll enter phase D where we would see an increase in Volume and a breakout above the resistance level of...
