Back in 2022, a triangular bottom pattern led to a very strong 2,600% bullish wave for this pair, UNFIBTC. We are now seeing the formation of a much stronger bottom pattern, the Adam & Eve. This can lead to a new bullish wave.
In 2022, total growth lasted for 98 days but the maximum was hit within a short 28 days timespan. Now, market conditions were different back then. In 2022 we had a bear-market, major bottom all across. In 2024, we are in bullish territory after massive growth, but, coincidentally, the market is in a major correction and likely entering the last leg-down of this phase. Seeing UNFIBTC move up while this is happening would match the 2022 price dynamics.
This pair is bullish and looking strong. The week is just starting and we are seeing a move above EMA8 (bullish). It is very, very early, but it can move fast if it does.
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➖ You can find the UNFIUSDT analysis in the 'Related publications' below.
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