Uniswap has recently broken out of a descending wedge, which is a common reversal pattern. After breaking out, we appear to be coming back to the lows - possibly double bottom, which is another reversal pattern. Both the descending wedge and double bottom patterns are indicating that we may get a bullish reversal very soon!
Trade Idea:
- Watch for price action around the double bottom region
- Once bullish PA appears, enter with stops below the lows
- Targets: 28, 44, actively manage the rest
Goodluck and as always, trade safe!
Trade Idea:
- Watch for price action around the double bottom region
- Once bullish PA appears, enter with stops below the lows
- Targets: 28, 44, actively manage the rest
Goodluck and as always, trade safe!
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๐ Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
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Want more breakdowns like this? Links below:
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t.me/Crypto_Wick
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๐ Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
โญ VIP - Forex, Gold, Bitcoin:
t.me/WicktatorVIP_bot
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