#UNI/USDT 4h Bullish Descending Wedge
Hello, everyone!
We have a descending wedge pattern in front of us, which traditionally resolves to the upside. Currently, there has been a bounce off the Alligator's jaw, indicating a likelihood of a second touch on the wedge's support with a fresh test of the lows.
After this retest, there is potential for a breakout from the wedge by capturing a pool of trend liquidity from above.
Good luck with your trades!
We have a descending wedge pattern in front of us, which traditionally resolves to the upside. Currently, there has been a bounce off the Alligator's jaw, indicating a likelihood of a second touch on the wedge's support with a fresh test of the lows.
After this retest, there is potential for a breakout from the wedge by capturing a pool of trend liquidity from above.
Good luck with your trades!