Uniswap (UNI) to $120

On the above 2-day chart price action has corrected 85% since the sell signal back in March 2021. A number of reasons now exist to be long, including:

1) That lovely ‘incredible buy’ signal. Remember this is a 2-day chart. More data available to the probability indicator the stronger the signal.

2) The break of price action RSI resistance.

3) The higher low in price action confirming trend reversal.

4) Hidden bullish divergence. This occurs when a higher high in price action prints at the same time as a lower low in the oscillators. Very bullish. This is what a sure thing looks like.

5) The target price from the bull flag is $120. See chart bull flag break out below.

Is it possible price action falls further? Fur sure.

Is it probable? No.

Ww

Type: Trade
Risk: <=6% of portfolio
Timeframe: Not more than 6 to 9 months
Return: $120 or 18x

The target: