UNIUSDT 4H trend chart - UNI is forming a potential inverse head and shoulders pattern. The neckline of this potential formation is $27.607 However, there was a fake-out at $27.988 If price can break out and stand firm at $27.607, this H&S will be completed. Because the fake-out point is close to neckline, I suggestopen position when 4H closure price hit 27.988 w/o long upper shadow line - Profit Targets: a) 30.773~31.899---Fib(1.272~1.382) b) 34.315----Fib(1.618) c) 38.226----Fib(2)
Stop losses: a) 25.511-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
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