UNI looks primed

Feb 2, 2023

After a 22 months long bear market UNI finally breaks the market structure.

Deviation -> Reclaim -> Consolidation -> Breakout

To me it looks good. Targeting the red area.

Feb 13, 2023

Note

UNI has been stalling slightly above the diagonal for a few weeks now, maybe too many weeks. Not showing enough relative strength against BTC.

If it goes back into the pattern I wouldn't be as much optimistic on the idea.

Below $5.2 the deviation thesis gets invalidated.

Mar 2, 2023

Trade closed manually

The setup has become suboptimal. It's taking too long to show the slightest sign of strength.

Jun 7, 2023

Trade closed manually