Graphic Comments
• Formation: A distinct “Cup & Handle” formation is observed on the chart. This formation generally indicates the continuation of the uptrend.
• Target Prices:
• First target: 32,415 USDT
• Second target: 44.925 USDT
• Third target (at maximum Fibonacci extension level): 70.805 USDT
Support and Resistance Levels
• Support Levels:
• 12,000 USDT (critical support)
• 10,000 USDT (strong psychological support)
• Resistance Levels:
• 17,000 USDT (first major resistance)
• 24,000-26,000 USDT range (past high price zone)
Indicators and Technical Data
• Fibonacci Levels: Fibonacci extension levels are used on the chart, supporting potential upward targets for the trend.
• Moving Averages:
• Short-term moving averages are showing an upward intersection.
• The long-term moving average supports that the trend is upward in the medium and long term.
• RSI and MACD:
• The RSI may be approaching the overbought territory, indicating that it is open to short-term corrections.
• MACD is moving positively upwards, indicating that the trend is strengthening.
Trend Analysis
• Long-term trend: Up
• Medium term trend: Up
• Short-term trend: Potential for an upward breakout from the consolidation zone.
Formation and Formation Reversals
• The “Cup & Handle” formation gives a very strong signal about reaching target prices.
• Once this formation is completed, the price is likely to rise towards the specified target levels.
Strategy Proposal
1. Entry Point:
• Confirmation of consolidation or breakout above 14,000 USDT can be expected.
• In the short term, buying opportunities can be evaluated near the 12,000 USDT support.
2. Objectives:
• The first target is 32.415 USDT, followed by 44.925 USDT.
3. Stop-Loss:
• Positions can be closed at daily closings below 12,000 USDT.
4. Risk Management:
• Transactions should be made in a way that puts 1-2% of the total capital at risk.
5. Medium and Long Term: Since this formation supports a medium and long-term uptrend, it may take time to achieve targets.
Comment and Evaluation
• UNI token is one of the most important projects in the DeFi ecosystem and has a strong fundamental structure.
• Formation and technical indicators confirm the upside potential.
• However, macroeconomic conditions and general market trends should also be taken into account. Price movements, especially below 12,000 USDT, may indicate that the trend may be disrupted.