UNISWAP – Reversal Patterns 👀
UNI / TetherUS BINANCE:UNIUSDT
Uniswap has recently broken out of a descending wedge , which is a common reversal pattern. After breaking out, we appear to be coming back to the lows – possibly double bottom , which is another reversal pattern. Both the descending wedge and double bottom patterns are indicating that we may get a bullish reversal very soon!
Trade Idea:
– Watch for price action around the double bottom region
– Once bullish PA appears, enter with stops below the lows
– Targets: 28, 44, actively manage the rest
Goodluck and as always, trade safe!
