UNIUSDT: Breakout & Retest Done!!
2025-01-31
Category: None

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Let's analyse AICUSDT both fundamentally and technically.

FUNDAMENTAL ANALYSIS:
Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.

TECHNICAL ANALYSIS:
UNIUSDT has successfully broken out of the triangle pattern and retested the breakout level. The price is now poised for a rebound above the green box support zone, which aligns with the 0.5 Fibonacci retracement level. This bullish move is further supported by the confluence of the 100-EMA and 200-EMA on the weekly timeframe. Anticipating a strong rebound from this level towards the target zones.

Entry Zone:
CMP to $9.3

Targets level:
$19
$25.7
$38.3
$106.2

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Happy Trading!!
