UNIUSDT: Potential Trend Reversal Amidst Breakout and Bounce.

Jul 7, 2023

💎Recently, #UNIUSDT successfully broke out of the descending channel and surpassed the supply zone, confirming a shift in market dynamics. Subsequently, the price underwent a correction and achieved a clean bounce off the 61.8% Fibonacci support level, indicating a potential shift in the trend from bearish to bullish.

💎Currently, #UNI is positioned within the demand zone, which serves as a crucial starting point for the next upward swing and potentially significant price increase. To assess the potential upside, we turn to the Volume Profile and Fibonacci indicators, which highlight three key resistance levels to monitor. The nearest resistance lies approximately 20% above the demand level, while the final resistance is situated around 35% higher.

💎However, the realization of these gains hinges on the avoidance of a new lower low, specifically, a daily close below the critical support level at $4.74. It is important to note that the market may enter a consolidation phase, characterized by range-trading, lasting for another week or longer. While the probability favors an eventual upside move, Paradise Club Members must remain patient.

Jul 21, 2023

Note

💎Today, #UNIUSDT has successfully reached our first upside target, resulting in a gain of 21%. As per our initial analysis, there are a total of 3 targets in close proximity to each other. The final target is the 88.6% Fibonacci retracement level, which holds significant importance. If #UNI manages to achieve a daily breakout and close above this resistance, our sentiment will shift to long-term bullish.

💎As of now, this is still viewed as a robust pullback from a long-term downtrend. However, Paradisers, we encourage you to stay tuned with us as we closely monitor the #UNI price action. Rest assured, we will promptly update you when important developments occur. 🌴