🐳 $UAI 4-hour death cross. A few thoughts from the perspective of holding a position:
The bullish momentum bars lasted for 18 four-hour candlesticks, indicating that the bulls had been in control. Now buying pressure is starting to lose steam. The crossover is below the zero line, and the trend weakened again before a recovery could take shape. Those buying at the lows will need to be patient.
Feel free to discuss in the comments.
#UAI
The bullish momentum bars lasted for 18 four-hour candlesticks, indicating that the bulls had been in control. Now buying pressure is starting to lose steam. The crossover is below the zero line, and the trend weakened again before a recovery could take shape. Those buying at the lows will need to be patient.
Feel free to discuss in the comments.
#UAI
