UNI bounced from bottom and tested 2021 support range which rejected the price back to bottom of range. Whole pattern is very similar to XRP before it started it's impulse that lead him to ATH range.
I expect similar move from UNI. Stoch RSI showing we are oversold and ready for bounce up. We should soon do local impulse up with quick correction to form higher low and then blast past fibb 0.618 S/R range. Likely targets for impulse are fibb 1.272 and fibb 1.618 range.
I expect similar move from UNI. Stoch RSI showing we are oversold and ready for bounce up. We should soon do local impulse up with quick correction to form higher low and then blast past fibb 0.618 S/R range. Likely targets for impulse are fibb 1.272 and fibb 1.618 range.
Note
We got the bounce and have formed impulse on local level. Expecting correction to form higher low - ideally above support line. Once we do that we open the path to fibb 0.618 range, which this time I expect we will blast trough. Only remaining resistance areas after that are fibb 0.886 and ATH which were not yet tested but seem to be weaker S/R ranges as the one we have at fibb 0.618.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.