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$UNI
Still respecting the macro downtrend channel, and the current price is experiencing compression right at the key decision area.
You have a tight upward support trend line pushing the price up to the descending resistance, forming a tightening pattern just below the triangle resistance.
If the price breaks through and holds above the descending resistance, it opens the door for a move toward the 4.0–4.2+ region.
But if this turns into a rejection at resistance, the structure suggests a continuation of the macro trend, with a possible move toward lower channel support around 2.1.
So this is not an arbitrary move; it’s classic compression into higher timeframe resistance.
The next move must be determined.