UNI Technical Analysis: Are The Chances Of The Fall Continuation High?

UNI trading week from 9 May was an important challenge for investors. After breaking the critical mark of $8.3, sellers became more active and lowered the UNI price to the lower limit of the correction channel. However, during the trading week on 9 May, the UNI price broke the channel down and set a new local low of $3.73. Overall, the UNI price fell by 65% ​​in a month. https://www.tradingview.com/x/YE5JQxEF/ Given the rebound in the UNI price on the weekly timeframe, we allow the possibility of closing the trading week above the range of $5.4. In this case, the week of advice from 9 May can be considered the culmination and it will be a step towards the formation of a broad consolidation in the range of $5.4-$8.4. this consolidation will help buy out all sellers and generate positions to form a new growth wave. This positive scenario in the UNI market will take effect if buyers can take control of the $5.4 mark. Technical Analysis Of UNI On The Daily Timeframe https://www.tradingview.com/x/kiZhJ85W/ Analyzing the movement of prices on the daily timeframe, it is difficult not to notice the abnormally high volumes from 9 May. Currently, the UNI price is trading below the liquidity zone. It is worth buying UNI with confidence only after breaking the $5.4 mark and the $6 test. After such a price maneuver, buyers are required to keep the mark of $5.4. At the moment of the $5.4 mark retest it is possible to risk and buy UNI with t...