SoftQuant

Big Technical Alert on Uniswap (UNI)

Long
BINANCE:UNIUSDT.P   UNI / TetherUS PERPETUAL CONTRACT
These technical data points can be extremely powerful

Its not a holy alert and can change in time too as the current monthly candle has not yet closed. That said the current data offers an interesting bit of potential and very worthy of getting a technical alert on.

When price is able to recover and reverse then the follow thru can be fast

Failed moves fail fast. This can be seen time and time again. Of course it too isnt holy but is a very powerful bit of technical data to look out for. As price recovers and the trend swings then people seem like they want to rush in and catch the changing tide.

Is this happening right now with UNI?

I cannot be sure Im still searching for that damn crystal ball. We interested understand that there can be a big move incoming and keeping an eye out for interesting opportunities that offer low risk can be part of the why were interested.

Keep an eye on how it develops

Could be a different set of circumstances tomorrow.. be like water to the changes in the flow (of data)

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