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The Unifi token price action has been in one more impulsive wave to the downside since early December, and my current count considers that we are in blue wave 4, and another wave down is due very soon.
There is a corrective channel that is forming wave 4, and it really doesn’t get any clearer that that:
This green channel has a very clear top and bottom with several touches and rejections on both sides, and also a mid channel that is acting as support and resistance as price action develops.
My expectation is that the channel will be broken to the downside very soon, and we will form blue wave 5, with target at 3.30-3.40 support
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