$UAI breaks through the 0.04 threshold.
Let’s talk about what this number represents.
One pattern is that a resistance level that has been decisively broken often becomes support later on; a support level that has been decisively broken often turns into resistance.
Round-number levels carry different weight for different coins: many people watch major round-number thresholds for mainstream coins, while round numbers tend to be much less useful as reference points for small-cap coins.
All indicators summarize price movements that have already happened, and prices can certainly move in the opposite direction.
Let’s talk about what this number represents.
One pattern is that a resistance level that has been decisively broken often becomes support later on; a support level that has been decisively broken often turns into resistance.
Round-number levels carry different weight for different coins: many people watch major round-number thresholds for mainstream coins, while round numbers tend to be much less useful as reference points for small-cap coins.
All indicators summarize price movements that have already happened, and prices can certainly move in the opposite direction.