The Macro Picture 🗺️
UNI put in a violent structural reset — the May $4.15 highs unwound all the way to $2.35 by early June, a flush deep enough to push RSI into oversold and exhaust the sellers. What followed changed the entire complexion of the tape: an aggressive V-recovery that reclaimed the $3.20 shelf and drove RSI up to 75. That kind of impulsive move off a base is how downtrends end and fresh legs begin. Price is now consolidating the breakout at $3.60, holding well above the recovery lows, and the path of least resistance has flipped firmly in favor of the bulls.
The Setup ⚙️
The Support Flip: The $3.20 shelf that capped the base has now flipped into support. As marked on the chart, price is holding above it, and this level is the pivot the whole bullish case rests on.
The Reaction: The initial surge to $3.85 met sellers, which is expected — the first tag of resistance rarely breaks clean. The shallow pullback to $3.60 shows buyers defending the move rather than abandoning it.
The Ceiling: The $3.85 decision line is the trigger. A clean reclaim confirms the higher-high structure and opens the path directly toward the $4.00 macro resistance above.
The Roadmap: Primary target sits at $4.00 — the green roadmap points there as momentum carries price out of the base. Invalidation: a clean daily close below $2.80 would invalidate this bullish thesis and signal the recovery has failed.
More setups in profile.
#UNI #CRYPTO #Uniswap #DeFi #TechnicalAnalysis
UNI put in a violent structural reset — the May $4.15 highs unwound all the way to $2.35 by early June, a flush deep enough to push RSI into oversold and exhaust the sellers. What followed changed the entire complexion of the tape: an aggressive V-recovery that reclaimed the $3.20 shelf and drove RSI up to 75. That kind of impulsive move off a base is how downtrends end and fresh legs begin. Price is now consolidating the breakout at $3.60, holding well above the recovery lows, and the path of least resistance has flipped firmly in favor of the bulls.
The Setup ⚙️
The Support Flip: The $3.20 shelf that capped the base has now flipped into support. As marked on the chart, price is holding above it, and this level is the pivot the whole bullish case rests on.
The Reaction: The initial surge to $3.85 met sellers, which is expected — the first tag of resistance rarely breaks clean. The shallow pullback to $3.60 shows buyers defending the move rather than abandoning it.
The Ceiling: The $3.85 decision line is the trigger. A clean reclaim confirms the higher-high structure and opens the path directly toward the $4.00 macro resistance above.
The Roadmap: Primary target sits at $4.00 — the green roadmap points there as momentum carries price out of the base. Invalidation: a clean daily close below $2.80 would invalidate this bullish thesis and signal the recovery has failed.
More setups in profile.
#UNI #CRYPTO #Uniswap #DeFi #TechnicalAnalysis
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📈 Stop guessing your settings — backtest & optimize with QuantPilot
🎁 Free to start
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.