Brief Analysis——UNFI
Recently, the market sentiment has been flat, and most tokens are mainly fluctuating. Some Alt-coins have seen significant volatility during this time. UNFI is the most volatile token in the past 24 hours. So we choose UNFI as the Token for brief analysis.
UNFI has almost tripled in the past half month. The project Unifi Protocol has no good news recently.
Before this round of gains, UNFI had fell with fluctuation over the past year. Starting from Jul.27, UNFI began to rise. In the initial process, volatility remained at past average levels, and there was also bearish power to hinder the rise. But starting from the end of August, the upward slope suddenly became steeper, pumping like a rocket launching. Bulls dominate.
We can see from the WTA indicator that whale participation is continuity during this round of rise. The situation in the red rectangle is actually no different from the past. But after the red rectangle, there are still whales participating when the price rises, which was not done before. This inflow of fresh whales lasted three rectangle.
From a trading perspective, the current long position in UNFI is more risky than before. If you already hold a long position, then you can continue to pay attention to the WTA indicator. When there are only gray (retail investors), it means the whale may have sneaked away. At that time, the rise may stop, and you may consider taking profits and closing the position.
You can also use the WTA indicator to find those potential tokens, which have obvious whale participation in the early stages of the rise, and still have fresh inflow later.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
UNFI has almost tripled in the past half month. The project Unifi Protocol has no good news recently.
Before this round of gains, UNFI had fell with fluctuation over the past year. Starting from Jul.27, UNFI began to rise. In the initial process, volatility remained at past average levels, and there was also bearish power to hinder the rise. But starting from the end of August, the upward slope suddenly became steeper, pumping like a rocket launching. Bulls dominate.
We can see from the WTA indicator that whale participation is continuity during this round of rise. The situation in the red rectangle is actually no different from the past. But after the red rectangle, there are still whales participating when the price rises, which was not done before. This inflow of fresh whales lasted three rectangle.
From a trading perspective, the current long position in UNFI is more risky than before. If you already hold a long position, then you can continue to pay attention to the WTA indicator. When there are only gray (retail investors), it means the whale may have sneaked away. At that time, the rise may stop, and you may consider taking profits and closing the position.
You can also use the WTA indicator to find those potential tokens, which have obvious whale participation in the early stages of the rise, and still have fresh inflow later.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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