UNI – Correction Might Bring Opportunity
Currently, UNI is forming an A–B–C corrective pattern, and based on technical structure, this correction may complete around the $8.8 level.
Key Zone to Watch: $9.0 – $8.5
There's a strong demand zone just below $9, supported by historical price action.
On the daily time frame, a broken cup & handle formation aligns perfectly with this area — the old neckline may now act as support, increasing the confluence.
This overlap of structure and demand makes the $9–$8.5 zone a favorable entry for a long position.
Once price reaches this area, expect a significant upward correction as part of the next move in the cycle.
Good Luck.
Currently, UNI is forming an A–B–C corrective pattern, and based on technical structure, this correction may complete around the $8.8 level.
Key Zone to Watch: $9.0 – $8.5
There's a strong demand zone just below $9, supported by historical price action.
On the daily time frame, a broken cup & handle formation aligns perfectly with this area — the old neckline may now act as support, increasing the confluence.
This overlap of structure and demand makes the $9–$8.5 zone a favorable entry for a long position.
Once price reaches this area, expect a significant upward correction as part of the next move in the cycle.
Good Luck.
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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.
Disclaimer
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.