🐳 Chip Watch｜$UNI
The daily chart has been consolidating in a narrow range for 10 days, with a bandwidth of just 12.5%. The narrower the swings, the more it suggests that buyers and sellers are waiting. The side that puts real money on the line first often ends up setting the direction.
This time, buyers moved first, but the momentum was modest, and the price has fallen back below the upper band (7.604).
For now, just keep an eye on trading around the middle band at 7.1505.
The daily chart has been consolidating in a narrow range for 10 days, with a bandwidth of just 12.5%. The narrower the swings, the more it suggests that buyers and sellers are waiting. The side that puts real money on the line first often ends up setting the direction.
This time, buyers moved first, but the momentum was modest, and the price has fallen back below the upper band (7.604).
For now, just keep an eye on trading around the middle band at 7.1505.
