Hello There,

welcome to my analysis about UNI on the 4-hour timeframe perspective. In the past, I have detected interesting formations in the cryptocurrency market with massive potential. One of them being UNI, the coin already completed a pivotal formation, which is setting the path to further upside potential in the upcoming times. In my analysis, I detected all the underlying factors to consider next.

As when looking at my chart, we can see there how UNI completed this gigantic descending wedge formation. The formation has been completed with the breakout above the upper boundary and has since then climbed higher and higher, reaching new levels in the zone. Since the final breakout, UNI has already increased heavily. It is offering the setup for massive expansion and an acceleration towards the upside.

The final breakout already activated the upper target zones as marked in my chart. From the current point of view, UNI still has an upside potential of over 100%. The 100-EMA marked in green marks a strong support from where UNI is building up bullishly, forming the setup for the further bullish continuations. Right now, when bullish volume increases, the bullish trend is likely to accelerate. It will be interesting to see how the final targets will be reached and the momentum moving forward.

In this manner, thank you a lot for watching!
The support is highly appreciated.

VP