UNI/USDT Ascending Triangle 1D

12 апр. 2021 г.

An ascending triangle reversal pattern is playing out for Uni. The upper resistance of the triangle is the .382 fib level, a break out would be confirmed with a daily candle close above this resistance followed by good volume for more confirmation. MACD is also flashing bullish with a bullish cross, CCI is above 0 confirming uniswap is in a buying market making a break out likely. There is possible resistance at the .5 fib level (highlighted red) so if a break out occurs there is confirmation for the retest being a safe entry.