# Uber lawsuit in the UK dismissed
The class action in London was surprisingly dismissed. Uber’s lawsuit in the UK was dismissed by a local court less than 15 minutes ago. $UBER is currently trading at 70.35, up just 0.33%, with trading volume of only a little over 340,000 USDT. That says a lot: real positive news would heat up the market immediately, but there’s hardly been any movement.
I’m leaning toward “there’s unlikely to be much of a short-term reaction.” The trading volume is too low; it doesn’t look like investors are taking this news seriously. If the price later breaks above the key level of 72 on increased volume, that would mean my current read of the market is off. If it doesn’t break through, I’ll stick with my current view.
The class action in London was surprisingly dismissed. Uber’s lawsuit in the UK was dismissed by a local court less than 15 minutes ago. $UBER is currently trading at 70.35, up just 0.33%, with trading volume of only a little over 340,000 USDT. That says a lot: real positive news would heat up the market immediately, but there’s hardly been any movement.
I’m leaning toward “there’s unlikely to be much of a short-term reaction.” The trading volume is too low; it doesn’t look like investors are taking this news seriously. If the price later breaks above the key level of 72 on increased volume, that would mean my current read of the market is off. If it doesn’t break through, I’ll stick with my current view.