📊 UNFI finally broke out of the downtrend channel
Hello, dear TradingView members.
This idea is a UNFI analysis.
UNFI made a 22% ascending move today.
It was in a descending channel and had a fake breakout once.
The second attempt was successful, and after confirmation, the price reached higher highs.
Scenario One:
After confirmation, the price will pass the resistance level, as shown in the chart.
Scenario Two:
The price will be rejected by the horizontal resistance level and fall on the support zone. There is also the possibility of falling on the upper band on the descending channel.
The Speedometer indicator shows Buy volumes on the market for UNFI on a 1D interval.
Now have in mind: ANY news about this coin can cause a big pump or dump at this moment!
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
This idea is a UNFI analysis.
UNFI made a 22% ascending move today.
It was in a descending channel and had a fake breakout once.
The second attempt was successful, and after confirmation, the price reached higher highs.
Scenario One:
After confirmation, the price will pass the resistance level, as shown in the chart.
Scenario Two:
The price will be rejected by the horizontal resistance level and fall on the support zone. There is also the possibility of falling on the upper band on the descending channel.
The Speedometer indicator shows Buy volumes on the market for UNFI on a 1D interval.
Now have in mind: ANY news about this coin can cause a big pump or dump at this moment!
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
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