UNI technicals are neutral; no clear bull or bear bias identified.
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All right, let's look at UniS swap real quick. It's Friday. I like to give you all the deep cuts. Unis swap. Let's zoom in a little bit because remember, we're kind of playing this uh bottom trend line on the one hour.
This one actually looked like Did it hit it? No. But it came really, really close. God, that came close. Really, really close on that one.
Do we have a wedge? Oh, wait a minute. Wait a minute. Wait a minute. Oh, I'm getting excited. All right, so we are firmly trapped in this wedge. Now, this isn't really pointing up.
So, if a wedge points, let me get my drawing tool here. If a wedge has a sharp point up, you expect it to go down. That's actually a little crazy. It'll look more like that. And if what is he drawing here?
Looks like a freaking Blair Witch Project or something. And if a wedge is like kind of heading down real sharply, you can expect it to go up. This one is pretty close to neutral.
So, I can't really say there's a bullish or bearish bias on this.
So, the next step we would do is maybe go to something like the 4our RSI. Let's see. That's also neutral. Give us some signs here. Uh that was a very very strong bear div right here.
That's a very clear, you know, reason to short right there. Then RSI got a little oversold. Now the RSI is largely reset. So I don't like what I'm seeing there.
Let's zoom out even further to the daily. Uh bare div for sure, but again, you know, the RSI is close to resetting. I wish I had more. Honestly, man, I'm not going to force it here.
Be like, it's bullish. It's bearish. just to, you know, satiate you. It's a neutral read. It's a neutral read.
But I tell you what you can do. You could probably trade this wedge. This wedge is not going to end until uh what do we got? That's October 3rd. Uh that's not a lot of time, but October 3rd in the 2:00 p.m. in the afternoon.
You might be able to play this wedge in the meantime. And then here's how I would trade it. I got I got the alpha for you. All right. If we break down, I would say we probably have about a 70% chance of retesting at the scene of the crime.
That's when you would short. Conversely, if it goes up and it comes down, retests, that's when you would go long. So, wait for your confirmation. Don't chase the trade. Okay? Don't chase it.
Don't chase it. All right? Don't chase it like your your first exh. Don't chase the thing. Let it come to you. All right? Just good advice generally in life.
What this channel has said about $UNI
Verified Investing has only this one call on this stock.