Uniswap is still trading in a descending triangle pattern:if the price breaks upward and there is a confrimation through the volumes,a long position can be set at the retest of the trend line in the 20/20,5$ range area(EMA50 and EMA200 as support),target at the previous resistance and fibonacci retracement level/EMA100.
If the price will get rejected by the top of the descending triangle pattern and close a daily below it,a short position can be set below the 0,5 fibo retracement level,with target the 0,236 fib retr level
If the price will get rejected by the top of the descending triangle pattern and close a daily below it,a short position can be set below the 0,5 fibo retracement level,with target the 0,236 fib retr level
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