Uniswap Giant Falling Wedge (Long-Term W/ Fibs)
Updated
The falling wedge is a classic pattern and one of the easiest to spot, also very accurate.
We are looking at Uniswap vs Bitcoin (UNIBTC) long-term.
We see UNIBTC is breaking out of the giant falling wedge.
This coincides with a close above EMA10.
(Confirmation needed at weeks end.)
We have a higher low this May 2022 compared to December 2020.
The RSI we consider strong at 40 on the weekly.
The MACD is still below zero but the MACD line is above the signal line while trending upwards, this is always a positive.
Chart:
Would be nice to see it grow.
Wishing you wealth & success.
Thanks for the continued support.
Namaste.
We are looking at Uniswap vs Bitcoin (UNIBTC) long-term.
We see UNIBTC is breaking out of the giant falling wedge.
This coincides with a close above EMA10.
(Confirmation needed at weeks end.)
We have a higher low this May 2022 compared to December 2020.
The RSI we consider strong at 40 on the weekly.
The MACD is still below zero but the MACD line is above the signal line while trending upwards, this is always a positive.
Chart:
Would be nice to see it grow.
Wishing you wealth & success.
Thanks for the continued support.
Namaste.
Note
60% target hit...More to come.
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