Demand Compression with Bullish Momentum Divergence

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Demand Compression with Bullish Momentum DivergenceUber Technologies, Inc.BATS:UBEResenkaratekinThe main structure in UBER is becoming clearer. Price is trying to hold above the First Demand Zone (68–70.50), while the descending resistance line from above continues to create pressure. So this is not just a classic support test. It looks more like a Descending Triangle / Demand Compression structure forming above First Demand. The more important point: The primary rising support from Dec ’22 was broken in February 2026 and has since turned into resistance. That makes the Supply Cluster / 200D EMA Confluence (77–81) the key decision zone for me. Unless 77–81 is reclaimed, I would read the move as a reaction rather than a trend reversal. If 68–70.50 holds, the compression may attempt to resolve higher. A sustained break and acceptance below 68 would mean demand failure and would bring the Major Demand Zone (60–64) back into focus. On the RSI side, there is a Bullish Momentum Divergence. While price remains under pressure, RSI is making higher lows. This suggests that selling momentum is weakening. Summary: Price structure is still under pressure. On the momentum side, seller strength is weakening. Confirmation zone: 77–81 Invalidation: sustained acceptance below 68 Major resistance: Major Supply / Overhead Resistance (96–101) This is a trend analysis and does not constitute investment advice in any way.