Due to ongoing sales pressure in the market, UNI experienced a downward trend and reached the support level of $3.62. This support level coincides with the 0.5 Fibonacci level on the monthly time frame, indicating a strong demand area. Additionally, there is a potential formation of a double bottom pattern on the monthly chart.
If more than 50% of last week's bearish candlestick is recovered and a strong bullish candlestick forms this week, it suggests the possibility of changing the trend to a bullish state. Currently, the price is back within the descending channel, but with the emergence of demand, it could potentially rise towards the first target, the midline. However, breaking the resistance at $5 is crucial to escape the descending channel. Such a rapid turnaround may influence the trend for a period of time.
If more than 50% of last week's bearish candlestick is recovered and a strong bullish candlestick forms this week, it suggests the possibility of changing the trend to a bullish state. Currently, the price is back within the descending channel, but with the emergence of demand, it could potentially rise towards the first target, the midline. However, breaking the resistance at $5 is crucial to escape the descending channel. Such a rapid turnaround may influence the trend for a period of time.
Join the free Telegram channel
💎 Telegram Channel: t.me/MonoCoin_Public
🔔 Bot: t.me/MonoCoinSignal_Bot?start=starter_tv
🌐 Website: MonoCoin.net
⭐️ 5-Star TrustPilot: trustpilot.com/review/monocoin.net
💎 Telegram Channel: t.me/MonoCoin_Public
🔔 Bot: t.me/MonoCoinSignal_Bot?start=starter_tv
🌐 Website: MonoCoin.net
⭐️ 5-Star TrustPilot: trustpilot.com/review/monocoin.net
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Join the free Telegram channel
💎 Telegram Channel: t.me/MonoCoin_Public
🔔 Bot: t.me/MonoCoinSignal_Bot?start=starter_tv
🌐 Website: MonoCoin.net
⭐️ 5-Star TrustPilot: trustpilot.com/review/monocoin.net
💎 Telegram Channel: t.me/MonoCoin_Public
🔔 Bot: t.me/MonoCoinSignal_Bot?start=starter_tv
🌐 Website: MonoCoin.net
⭐️ 5-Star TrustPilot: trustpilot.com/review/monocoin.net
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.