UNIUSD was king of DeFi in 2021 and since its wild surge has in 2021 has been in a bear market ever since. It didnt even make a corrective higher high with BTC.
It has just passed the 1.618 extension from the top and this is in the area of the only support block (circled) on the chart.
Weekly RSI oversold.
Good chance it bounces in this area with BTC.
Not advice.
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Back above the 1.618 and up 17% since I made this call 24 hours ago.
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BTC dumped below my 20K target but UNI is holding firm.
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BTC dumps again but UNi is up.
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UNI pumping hard in the last few hours. That said I wouldnt be surprised if there is a re-test of the fib. If there is i'll buy some more.
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