After UNI did a fantastic run we stopped short of .50 cents of previous ATH at $15.
Now we are painting quite a bearish picture with RSI on 4h and daily showing a bearish divergence (higher price, lower RSI) and MACD quickly losing strength as presented by the histogram.
Therefore, do not buy here, this is the time to exit if you bought lower for a quick gain. If you are a long term holder, then you should not be too concerned, as we have plenty of support at $12 and $10.
Perhaps UNI would have set a new ATH if BTC/ETH did not tank the market today as its momentum was very strong, however that is now changing, so be careful.
Possible price paths on the chart.
Like and follow if you liked this idea!
Now we are painting quite a bearish picture with RSI on 4h and daily showing a bearish divergence (higher price, lower RSI) and MACD quickly losing strength as presented by the histogram.
Therefore, do not buy here, this is the time to exit if you bought lower for a quick gain. If you are a long term holder, then you should not be too concerned, as we have plenty of support at $12 and $10.
Perhaps UNI would have set a new ATH if BTC/ETH did not tank the market today as its momentum was very strong, however that is now changing, so be careful.
Possible price paths on the chart.
Like and follow if you liked this idea!
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