- The bulls are still trapped in this descending , so the bears are in full control and the is intact!
- There is a strong possibility of another 67% drop in this particular downtrend before we see a stronger uptrend.
- According to my analysis, an impulse wave is still not finished and we are looking for another leg downward.
- Buy UNISWAP at the bottom of the channel, or 1.8, where I expect a massive bounce! I don’t know if we will reach this level, but if yes, then this is a great buying opportunity!
- The fundamentals are absolutely terrible right now for the stock market and crypto, and this trend may continue for another years.
- UniSwap is the most popular decentralized trading protocol, but it looks like the whales want to buy it cheaper.
Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.