UNISWAP-USDT

Mar 23, 2021

Greetings,
UNI instrument is the first by capitalization among defi, and eighth today in the overall cryptocurrency top, ahead of LINK and Litecoin.
Strong uptrend and no signs of reversal, most importantly the product is actively used, so we can assume that the growth will continue.

On the daily chart, the price has several times tested the area of 33-34$, the price is not going further, but there are no strong pullbacks as well. On the chart, an upward triangle was formed with the compression of the minimums. There is a probability of the test support at 28-28.5 dollars in the case that it will not resist the next zone of interest of the buyer in the area of pro-trade at 20-21.5 dollars.

I plan to trade this tool only if the price breaks through a zone of 35$ on good volume, in this case, the potential of the transaction is 80% (the base of the triangle).
The second option in the case of a correction, look for an entry point at $28-28.5 on the rebound from horizontal support and the bottom of the triangle.

Always use a stop loss, and do not use a leverage greater than x3. A trader must always have tomorrow. If this information is useful to you, please like and subscribe, so as not to miss anything.