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UNI / TetherUS

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UNIUSDT trade ideas

UNIUSDTThe conditions of the BINANCE:UNIUSDT are as follows: Over the past 50 days, we have witnessed an uninterrupted 85% price growth. Most of the resistance lines we assumed for UNI turned out to be weak, and the price easily surpassed them. However, now we are approaching the 0.786 Fibonacci retracement level, which is located at a price of $6.75. In my opinion, this point, or $7, could potentially lead the price back to $6, and then $5.30. At the $6 price point, we have strong support. However, between $5.80 and $5.35, there is a fear value gap(FVG), which could guide the price to those points and cause a price drop. Also, in the 4-hour timeframe, we are witnessing a divergence in the RSI (Relative Strength Index) indicator, which can be an initial signal of a trend reversal. But we need to wait and see how the market reacts to the $6.75 price level. Ultimately, everything depends on the overall market conditions.
Short
by Madoir
From Support to Surge: A Look at #UNIUSDT's Ascending Channel💎 Paradisers, the mid-term price action for #UNIUDT remains optimistic, as we continue to observe a pattern of higher highs and higher lows. What's more, #UNI has recently retested and rejected the vital demand zone near $5.7 for the third time in a row. It's evident that the bulls are holding their ground, and this could lead to a powerful surge shortly. 💎 We must also consider the bounce off the 50% Fibonacci retracement level, intriguingly situated right in the supply/demand area. Furthermore, #UNI continues to trade above the 200 Simple Moving Average on the 4H timeframe, once again displaying its bullish intentions. 💎 In terms of immediate resistance, the peak of the ascending channel could be the first area for profit-taking. However, if the price breaks above the channel with robust buying pressure, we could witness a much more potent trend in the upcoming weeks. 💎 Of course, this bullish outlook would be negated if the bulls fail to defend the demand zone, but as of now, #UNI appears quite bullish. Stay tuned for more updates and happy trading, Ladies and Gentlemen of ParadiseClub!
Long
by MyCryptoParadise
Uniswap UNI price price is accelerating, how long will it last?It seems that in early June, the UNIUSDT price did manage to break out of the prolonged downward trend. Well, we're keeping our fingers crossed that buyers will be able to accelerate the growth even more. Buyers have a "difficult path" ahead of them, as there are strong liquid zones above, where there will be many people willing to sell their UNI, which is lying around in their crypto portfolio and weighing it down with its price drop. The first critical level from above is $7.50. This is where the first "serious struggle" between buyers and sellers will begin. The outcome of the battle will determine which route the UNIUSD price will take next - white or blue. One way or another, the medium-term target, where we believe the price of the Uniswap token will sooner or later reach, is in the range of $12.25-13 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
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