#UNI
🔷 Pattern:
The chart shows a Bullish Pennant formation.
This is a continuation pattern that typically appears during strong uptrends.
Price broke out to the upside, confirming the pattern.
🎯 Target Price:
DirectionTarget (USDT)Description🔼 Up13.193Projected by measuring the flagpole height and adding it to the breakout point
📉 Technical Observations:
Current Price: 10.730 USDT
Breakout Confirmation: Occurred above pennant resistance
Upside Potential: ~23% gain toward target
📌 Key Levels:
TypePrice (USDT)DescriptionSupport10.000Base of pennantResistance13.193Target zone from breakout measure
🧭 Scenarios:
ScenarioConditionExpected Outcome✅ Bullish CaseBreakout holds above 10.50–10.70Move toward 13.19 target⚠️ Pullback RiskPrice returns to retest breakoutSupport might offer entry❌ InvalidationPrice falls back below pennant basePattern fails
✅ Summary:
ElementValuePatternBullish Pennant (Continuation)StatusBreakout ConfirmedTarget Price13.193 USDTConfidence LevelHigh