UNI reclaimed its 20-day average yesterday — and I still wouldn't call it a breakout.
Two days ago I asked which print would settle it: a daily close back above $7.11, or a second flush candle. Nov 7 answered — UNI closed at $7.226, up 4.9%, while most majors went red. The 20-day sits at $7.11, the 50-day at $7.87; price is back above the first, 9.7% off the Nov 5 low of $6.587. But the week is flat — a reclaim, not a runaway.
Three ways it goes. Bullish: a daily close above $7.23, today's high, opens $7.82, the Nov 4–5 ceiling. Bearish: rejection at $7.23 — Nov 7's $20.3M volume is lighter than Nov 6's $32.8M — and a close under $6.89 hands the reclaim back. Sideways: chop between $6.89 and $7.23 into Tuesday's CPI.
No fresh catalyst behind the move that I could verify — tape repair, not news.
Above $7.23 opens $7.82; under $6.89 kills the reclaim. Which line are you watching into Tuesday?
NFA, DYOR.
$UNI #Uniswap #DeFi #Altcoins #CPI
Two days ago I asked which print would settle it: a daily close back above $7.11, or a second flush candle. Nov 7 answered — UNI closed at $7.226, up 4.9%, while most majors went red. The 20-day sits at $7.11, the 50-day at $7.87; price is back above the first, 9.7% off the Nov 5 low of $6.587. But the week is flat — a reclaim, not a runaway.
Three ways it goes. Bullish: a daily close above $7.23, today's high, opens $7.82, the Nov 4–5 ceiling. Bearish: rejection at $7.23 — Nov 7's $20.3M volume is lighter than Nov 6's $32.8M — and a close under $6.89 hands the reclaim back. Sideways: chop between $6.89 and $7.23 into Tuesday's CPI.
No fresh catalyst behind the move that I could verify — tape repair, not news.
Above $7.23 opens $7.82; under $6.89 kills the reclaim. Which line are you watching into Tuesday?
NFA, DYOR.
$UNI #Uniswap #DeFi #Altcoins #CPI
