UNI Technical Analysis: Consolidation Accumulation Is Ripening By May

Changes, cardinal positive changes- this is what UNI cryptocurrency investors want to see when they enter the weekly chart. However, so far this issue is disappointing and intriguing. The UNI price continues to move in the black channel of the fall, from March 2021. In the past, a very aggressive and promising altcoin hung in the correction and low trading volumes. The biggest danger for the UNI price is falling and falling below the $8.5 mark. In this case, market participants will see another powerful fall wave with the final target of $5.2. https://www.tradingview.com/x/2hbbNkAx/ Given the unprincipled fall in the price of BTC and the weakness of buyers, this scenario can not be ruled out in any case. Recent UNI 3-week rebound from the $8.5 range was not entirely successful. Yes, a 45% price fall is a good result, but buyers could not fix above the local mark of $11.66, which outlined the newly formed consolidation in the range of $8.36-$11.66. This consolidation can easily last until mid-May. At about this time, a clear medium-term outlook for this cryptocurrency by the end of the year will be clear. But, in our opinion, without the test of the $5.2 mark and the release of critical trading volumes during the fall wave, it is too early to buy this token. Technical Analysis Of UNI On The Daily Timeframe https://www.tradingview.com/x/M9wCk0oh/ Analyzing the movement of UNI prices on daily timeframes, we can see an unpleasant ...