UNI next leg up?
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I'm long UNI and will disclose I've been in since early/mid Jan 2021 and have started to DCA in as the price runs up, but here is my idea (not financial advice). This is not financial advice as I'm a #wsb retard. Couple key LINKs (get it) to go through (reddit.com/r/CryptoCurrency/comments/lab9he/uniswap_becomes_the_first_dex_to_overtake_a_cex/?utm_source=share&utm_medium=ios_app&utm_name=iossmf and theblockcrypto.com/linked/93211/dex-uniswap-monthly-volume-january) (not financial advice)
UNI following a simple ascending triangle pattern with a simple RSI pattern over the last week which is every 2 days we see a leg up and then 2 days of cooling off, rinse and repeat. Hopefully my amateur TA is correct and we set a higher high and a higher low this weekend or even by Friday 2/5/21. No real long term price prediction just doing some simple pattern analysis and charting. Overbought zones 70+ buy opportunities > 40 (not financial advice). If all goes to shit we probably re-explore the $17 range (not financial advice).
Oh yeah forgot to mention (not financial advice).
UNI following a simple ascending triangle pattern with a simple RSI pattern over the last week which is every 2 days we see a leg up and then 2 days of cooling off, rinse and repeat. Hopefully my amateur TA is correct and we set a higher high and a higher low this weekend or even by Friday 2/5/21. No real long term price prediction just doing some simple pattern analysis and charting. Overbought zones 70+ buy opportunities > 40 (not financial advice). If all goes to shit we probably re-explore the $17 range (not financial advice).
Oh yeah forgot to mention (not financial advice).
Nota
RSI is entering overbought be on the look out for a pull back.Nota
Looks like we had a brief new AHT before being rejected back down to the channel. Today looks like the big push to the an actual higher high and higher low. Fingers crossed. If this doesn't happen today then we will see continued accumulation and price suppression probably from the bot traders to increase their positions. uniswap.org/
Helping readings: coindesk.com/what-is-uniswap-complete-guide
cointelegraph.com/news/led-by-uniswap-decentralized-exchange-volumes-soared-above-50b-in-january
Nota
Pattern still looks valid as of now. With ETH taking off and in the spot light, the next leg up may take longer than anticipated. Most likely this weekend as we have seen the previous couple weeks with UNI.Nota
I believe that this chart is still valid just prolonged in terms of the ascending triangle. BTC took off, ETH took off, alts suffer a bit. RSI is approaching oversold to on the 1H time frame.Nota
trade invalidated. btc run up, eth run up, uni consolidating. possible cup forming on the 1H
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