RLinda ! UNIUSD-> Wedge, Cup & Handle, what does that mean?

Jan 4, 2023

UNIUSD is forming an interesting situation. Wedge, top and handle, resistance breakout, what could this mean and what to expect next?

The coin has been in a downtrend for a long time, today the price goes into the green zone and moves behind the bitcoin, which forms the high of the last few weeks. I marked a downward wedge, at the end of which the price is forming a "cup and handle" pattern. As we can see, the price breaks through the wedge resistance and the cup resistance of 5.41 and momentum is forming. A long channel and upside potential to 5.99 is open.

I assume that after the final fixation of the price in the long zone we may see the formation of a strong bullish momentum. The first target is the resistance of 5.99, the second target is the liquidity zone of 6.49. The medium-term target is the peak of 7.756.

Regards R. Linda!

Jan 4, 2023

Trade active

Jan 7, 2023

Trade active

Jan 12, 2023

Trade closed: target reached

Jan 14, 2023

Note

UNIUSDT +26% in moment!