$UNFI: URGENT KEY LEVEL NEEDS TO HOLD THIS MAJOR SUPPORT OR ELSE...
UNFI has recently made a huge decline and many is speculating that this token will immediately breakdown lower than its current major support.
Here's our key take.
There's a tendency for UNFI to fully breakdown, although, these criteria must be met before it's confirmed, otherwise, it could hold this key level. First, UNFI must significantly reject the key levels of 3.5, 4.1 & 4.5. Next, if these prices aren't the rejection areas for UNFI, the imbalances above these key levels just slightly below 9.3 must be fulfilled and formation of descending peaks will occur. Finally, once 1 of these criteria will be present, the neckline sitting at 2.12 would be broken down, eventually leading to lower value for UNFI. If none of these criteria are met, we must expect the bounce to happen and a rally to occur.
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