Brief Analysis——UNFI (Recap)
Last week we talked about the impact of giant whales on the trend of UNFI. A week has passed and the price of UNFI has corrected. Today we will conduct a review of UNFI.
During UNFI's previous rise, the WTA indicator maintained a healthy development. Relatively steady whale inflows support rising. But looking at the details, from the first stage (red arrow) to the second stage (yellow arrow), the growth of the whale is significant, but from the second stage (yellow arrow) to the third stage (green arrow), The growth has slowed. We use parallel lines to show this phenomenon. This means that although the participation of whales continues, it is relatively reduced, and some whales may begin to take profits and leave the market at the third stage.
Starting from Sep.8, UNFI entered a callback. From the WTA indicators, we can see that the participation of whales is rapidly decreasing. The whale may be taking profits without anyone knowing. During the subsequent rebound (green rectangle), although the price was rising, the trading volume was decreasing, and no whales were seen participating in the rebound on the WTA indicator. After losing the support of the whales, UNFI's rise will be difficult to continue, and the price may remain volatile until most of the whales take profits and leave the market.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
During UNFI's previous rise, the WTA indicator maintained a healthy development. Relatively steady whale inflows support rising. But looking at the details, from the first stage (red arrow) to the second stage (yellow arrow), the growth of the whale is significant, but from the second stage (yellow arrow) to the third stage (green arrow), The growth has slowed. We use parallel lines to show this phenomenon. This means that although the participation of whales continues, it is relatively reduced, and some whales may begin to take profits and leave the market at the third stage.
Starting from Sep.8, UNFI entered a callback. From the WTA indicators, we can see that the participation of whales is rapidly decreasing. The whale may be taking profits without anyone knowing. During the subsequent rebound (green rectangle), although the price was rising, the trading volume was decreasing, and no whales were seen participating in the rebound on the WTA indicator. After losing the support of the whales, UNFI's rise will be difficult to continue, and the price may remain volatile until most of the whales take profits and leave the market.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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