UNI/USDT It does not look good in the chart, is the return to the 4.50$ mark coming now?

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UNI/USDT the first sharper profit-taking is visible

UNI is a highly valued token from the Defi Universe and now signals have formed again. The daily chart and the 12 hour chart together have triggered a first movement. Now we are below both triggers and it looks like another wave on the downside.

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As long as we don't get back into the yellow boxes, the PGs are active and the next fat finger can push the button at any time.

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Is the PG retracement on a weekly basis coming now? Many weeks ago, a signal was formed on the weekly chart. The breakout above the 4.50$ mark has activated the PG. The performance is fabulous, as a tenfold increase in price is not often seen. But now we might be done on the upside, the latest PGs show. Once the first major SLs are hit, an avalanche of profit taking could begin. Let's see how it comes but the bulls must now save the market.

Source: (Guidants/Godmode Trader) & JFD Broker & Binance

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9 comments
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Yes, a major correction to $22 - $21 may be coming. Besides, it has formed a triangle, observe:

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Around $22 - $21 would be a good entry point, as that is also where the .50 Fibonacci of the entire rise is located. The .618 Fibonacci would already be at $17 and that would be the key point for UNI because that is the last strong support in that area.

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Best regards colleague!

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Thank you for your analysis and the important points in the chart. The lower marks will show what power the bulls still have.

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Thanks to you for responding, colleague. And so yes, the farthest supports are the ones that will test the bulls. It's time to wait now.

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I think uni going to rise more especially with their new update and the second quarter of the year which have high expectations to be the alts explosion

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So many innovative announcements from the various cryptocurrencies, I sometimes don't know what to take seriously from them. The charts never lie and always show the current state. I am curious what the future brings here and hope for signals from the chart.

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Defi wird bis Ende diesen Jahres wohl noch richtig fährt aufnehmen... Ich bleibe gespannt!

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Fundamental hab ich da keine Ahnung aber viele Werte sind heiß gelaufen. Eine Korrektur wäre sehr gesund und lockt Käufer an. Ich bin aus vielen Defis erstmal raus und farme erstmal etwas auf Cub Finance.

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Ja die defis haben sich die letzten 3 Monate nur seitwärts bewegt ,ausser Filecoin. Ich bin ja kein Trader deswegen werde ich ab September Anfangen etwas Gewinne aus den Defi Projekten mitzunehmen.

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