UNI Graph Analysis
Target and Prices:
A large “Inverse Head and Shoulders” (TOBO) formation is clearly seen on the chart. The neckline of this formation has been broken and the price has entered an uptrend. Important targets according to Fibonacci levels:
• 28.40 USDT: First strong resistance and potential target. A break above this level could lead to higher prices.
• 45.00 USDT: Medium-term resistance zone.
• 56.30 USDT and 70.50 USDT: Main target areas.
• 86.50 USDT: Long-term main target.
Support and Resistance Levels:
• Support Levels:
• 12.50 USDT (key horizontal support).
• 10.50 USDT (formation confirmation level).
• 8.00-9.00 USDT band (strongest major support).
• Resistance Levels:
• 28.40 USDT (first major resistance).
• 45.00 USDT (mid-level resistance).
Indicators:
• Fibonacci Retracement: Price breaking through the 0.618 level is a strong bullish signal.
• Volume: The increase in volume as the price rises is striking and supports the formation.
• RSI (Relative Strength Index): Most likely in bullish territory, but watch out for overbought territory.
Formation and Formation Reversals:
• TOBO Formation: The neckline was broken and the upward movement was confirmed.
• Rising Trend: After the TOBO formation, the price entered into an upward trend.
Trend Direction:
The trend is clearly upward. The uptrend is expected to continue, especially as long as stability above 12.50 USDT is achieved.
Strategically:
1. Purchase Strategy:
• At the current price level, a position can be opened above 12.50 USDT.
• Stop-loss level: A close below 10.50 USDT.
2. Objectives:
• First target: 28.40 USDT.
• Medium term target: 45.00
