UNI/USDT descending wedge
Friends, hello everyone.
UNI has reached the lower wedge zone, which was last tested in July 2021.
I think this is an ideal opportunity for a local long to $ 15.3, after reaching the upper limit of the pattern presumably in May of this year, a further negative scenario is possible with a drop in the price of the coin up to the $ 3.7 zone, which in my opinion can be tested in order to take a large amount of liquidity (long stops of traders) by the shadow of a candle, with a quick payback.
Most likely, this will be followed by the beginning of a bullish UNI rally with a target of $ 52.
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UNI has reached the lower wedge zone, which was last tested in July 2021.
I think this is an ideal opportunity for a local long to $ 15.3, after reaching the upper limit of the pattern presumably in May of this year, a further negative scenario is possible with a drop in the price of the coin up to the $ 3.7 zone, which in my opinion can be tested in order to take a large amount of liquidity (long stops of traders) by the shadow of a candle, with a quick payback.
Most likely, this will be followed by the beginning of a bullish UNI rally with a target of $ 52.
If you liked this idea, please like it, thank you
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