UNI slight correction pre surge

19 בנוב׳ 2020

UNI like most DeFi products has shown huge gains, but due to low volume trading prices can swing fast. Recent surge suggests imminent correction. As the bull momentum is still strong it can be assumed correction will be within channel boundaries where support is found at $3.4. Following from the recent upwards momentum it is expected UNI to recover quickly and aim for $4.1 as the next target. If UNI exceeds this point it will aim towards channel boundaries at $5.6. A more realistic estimate would be a target following the yellow arrow (centre of trend line channel) at $4.6.