UNI breaks out strongly with rising trading volume
I’m paying attention to the 6.89 zone of $UNI k as the price breaks up to 6.945 with trading volume significantly outperforming on the fifteen-minute timeframe.
Currently, the RSI on the one-hour chart has hit 69.9, and the trading volume is at 1.56x the average level, indicating that buying demand is quite active. At the same time, the long positions ratio is staying at 1.5543, suggesting that sentiment among the crew is leaning somewhat positive.
If the price continues to hold above the 6.89 support zone, the upward momentum may move toward higher levels.
Conversely, if profit-taking pressure shows up, the price may pull back to retest lower support zones.
Everyone should manage capital carefully, because the market always has unexpected and hard-to-predict fluctuations.
#Crypto #UNI
I’m paying attention to the 6.89 zone of $UNI k as the price breaks up to 6.945 with trading volume significantly outperforming on the fifteen-minute timeframe.
Currently, the RSI on the one-hour chart has hit 69.9, and the trading volume is at 1.56x the average level, indicating that buying demand is quite active. At the same time, the long positions ratio is staying at 1.5543, suggesting that sentiment among the crew is leaning somewhat positive.
If the price continues to hold above the 6.89 support zone, the upward momentum may move toward higher levels.
Conversely, if profit-taking pressure shows up, the price may pull back to retest lower support zones.
Everyone should manage capital carefully, because the market always has unexpected and hard-to-predict fluctuations.
#Crypto #UNI
