Hello, dear TradingView members.
This idea is a UNFI analysis.
UNFI gathered enough buy volumes to end the consolidations and start an ascending move and now has hit a 62% pump.
The pump was more significant than the volume. That's why it got overbought and rejected by the Bollinger Band.
But now, it is still moving up.
The Fib level I've shown as resistance can push the price down, but now we have the support of the middle Bollinger band.
Scenario one:
The price will get support by the middle band or the Fib level and cross the resistance level to the targets I've set on the chart.
Scenario two:
The resistance level will reject the price due to a lack of buy volumes and land on our support levels. In this case, I'll update this chart.
The Speedometer indicator shows Buy volumes on the market for FLM on a 1D interval.
RSI is also hinting at Buy Volumes since it's not overbought yet.
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 gathered enough buy volumes to end the consolidations and start an ascending move and now has hit a 62% pump.
The pump was more significant than the volume. That's why it got overbought and rejected by the Bollinger Band.
But now, it is still moving up.
The Fib level I've shown as resistance can push the price down, but now we have the support of the middle Bollinger band.
Scenario one:
The price will get support by the middle band or the Fib level and cross the resistance level to the targets I've set on the chart.
Scenario two:
The resistance level will reject the price due to a lack of buy volumes and land on our support levels. In this case, I'll update this chart.
The Speedometer indicator shows Buy volumes on the market for FLM on a 1D interval.
RSI is also hinting at Buy Volumes since it's not overbought yet.
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.
