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since the last readPrice has left the range the coin's last read drew.
Price has left the range the coin's last read drew.
Daily downtrend since Sep 23, bouncing from the 6.255 low — the last lower high is 7.820
The setup is bearish: an extreme move for this chart.
Backing it: on the daily chart, each peak and each dip has been lower than the last; against it: the weekly chart is up.
Price is under the 50-day average (7.902). It is over the 200-day average (4.850).
The last 5 days are up 1.8%, nearly every low higher than the one before.
Price is 10.9% under 7.820, the last lower high, and 11.4% over 6.255, the trend's low.
For it: The trend has real strength, with the sellers in control; price is under the Ichimoku cloud (a widely watched trend gauge), and the gauge points down ahead.
Against it: the weekly chart is up; price is above the average price buyers have paid since the 3.170 low, 6.999, so those buyers are in profit; price is above the Monthly VWAP (7.189).
6.255 below and 7.820 above are the lines; a daily close past either is the move.
A 1D close above 7.820 takes out the last lower high — the downtrend's structure ends there; the next level up is 8.455.
A 1D close below 6.255 carries the downtrend past its last low; the next level down is 4.575.
6.255 is the floor — the trend's low, set Oct 29. It is also the prior week low.
7.820 is where sellers keep showing up: it held 4 of 6 visits.
UNI has been in a downtrend since Sep 23: its lows have stepped down (8.783, then 6.255), and so have its highs (10.94, then 10.20, then 7.820). Price is 11.4% over the trend's low, 6.255 (Oct 29). The last lower high is 7.820 (Nov 4), 10.9% above price; no daily close has gone over it.
The weekly picture: a weekly uptrend, 84% under the all-time high; on the daily, price is above the 200-day average (4.850), and the 50-day average is above the 200-day average. The daily trend runs against the weekly.
Against BTC: over the last 5 daily candles UNI moved +1.8% and BTC -1.2% — UNI is the stronger chart.
Sellers have had the daily since Sep 23: each bounce has been sold lower than the last, and no daily close has cleared a lower high. The bounce from 6.255 is the buyers' push against it; it has not reached 7.820 yet. That runs against the weekly chart, which is up.
Nothing in the bounce says the selling has changed character. The trend has real strength, with the sellers in control.
What doesn't fit: Price is above the Monthly VWAP (7.189). This is what the bounce has going for it.
| Level | Price | From price | Role |
|---|---|---|---|
| Swing high | 10.9 | +57.0% | swing, read |
| Swing high | 8.455 | +21.3% | swing, read |
| Swing high | 7.902 | +13.3% | swing, read |
| Read ceiling | 7.820 | +12.2% | read edge |
| 3-TF resistance | 7.790 | +11.7% | confluent, sr |
| Weekly open | 7.216 | +3.5% | calendar, fib |
| Volume shelf | 7.178 | +3.0% | hvn, sr |
| Monthly open | 7.073 | +1.5% | calendar, fib |
| 2-TF support | 6.911 | -0.9% | confluent, sr |
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