MyCryptoParadise_Nathan

UNI/USDT Break the pattern. Bullish Momentum for Uniswap ????

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BINANCE:UNIUSDT   UNI / TetherUS
๐Ÿ’Ž UNI has certainly made a significant impact on the market's attention. It has managed to break out from a descending channel, marked by a strong green candle, signaling a bullish turn. Currently, UNI is at a critical juncture, facing a resistance area.

๐Ÿ’Ž If UNI is unable to breach this resistance, it may retreat to a demand area at $4.520 for a retest, as it has not yet undergone a retesting phase since the breakout. Conversely, if UNI can pierce through the resistance area, it may probability progress towards the target supply zone and beyond.

๐Ÿ’Ž Should UNI not sustain the demand at $4.520 and the level gives way, it would suggest a false breakout and a bearish indicator, potentially leading UNI to descend and probe the next lower demand zone.
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Spot on again! #UNI has climbed 58.50%!


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