UNFI: BULLISH PENNANT FORMATION.
Hey guys, here's an update on UNFI/USDT.
UNFI is under a bullish pennant which technically indicates a rally towards the upside. But if we look at the RSI, then it is making a bearish divergence. We can expect UNFI to move in either direction. If it breaks down below the pennant then we can short UNFI and if it breaks above the pennant then we can go long.
Wait for the confirmation and do not FOMO.
I'll update more on this.
Trade safely.
UNFI is under a bullish pennant which technically indicates a rally towards the upside. But if we look at the RSI, then it is making a bearish divergence. We can expect UNFI to move in either direction. If it breaks down below the pennant then we can short UNFI and if it breaks above the pennant then we can go long.
Wait for the confirmation and do not FOMO.
I'll update more on this.
Trade safely.
Komentarz:
UNFI got rejected but didn't play out as expected.
