Hello, Skyrexians!
Today we will analyze $UNI , one of the strongest assets of this cycle. On the one hand, it's trending coin and price have only touched 0.5 Fibonacci level of the previous bull market. On the other hand, it has not set the lower low on the recent altcoins decrease. All these facts tell us that Uniswap is undervalued cryptocurrency with the high potential gain!
Let's take a look at the weekly time frame. The previous bull run was impulsive and can be considered as the global wave 1. Then price has printed wave 2 in the shape of zigzag ABC. It has been finished in the typical target area at 0.5 Fibonacci retracement.
From this level UNI started new bull run. Wave 1 inside the global wave 3 was impulsive. After that price pulled pack and Bullish/Bearish Reversal Bar Indicator [Skyrexio] flashed the green dot, the strong long signal. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView.
Now we expect the price growth to wave 3 targets at 1.61 or 2.61 Fibonacci levels at $75 and $125, the maximum target is almost 9x from the current price level.
Best regards,
Skyrexio Team
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