UNI, I am lost in the patterns...

Dec 15, 2020

Hi Community,

Here are my considerations on UNI since my last idea. I am basically lost in the charts and the patterns. Which one do you think UNI's price will follow:

• the descending one (black), all the way down to 3.14$ or 2.50$?
  
• the ascending one (red), all the way up to 5.60$?
  
• or the descending triangle (blue), down to 2.80$, before (hopefully) breaking up again?
  

My gut feeling is that UNI can still break the upper resistance of the descending triangle and follow the red channel.
What's your opinion?

Comments and feedback are most welcome. Happy trading!

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Needless to say, this is not financial advice!

Dec 18, 2020

Note

Well, UNI eventually broke the upper resistance of the triangle and spiked all the way up to the descending channel (black).

From there, I think UNI is still in play to either follow the descending channel, or the ascending one.

The RSI seems to be moving below 50. Where do you think UNI will go from here? How much will it be affected by the BTC's price?

Comments and feedback are most welcome. Happy trading!

------------------------------------------------------
Needless to say, this is not financial advice!