HEX BreakoutJust days ago I posted an idea on HEX and how we wanted to wait a little while before seeking any longs.
Well now, it may be time to seek longs as it has now checked off 2 major boxes from a bullish standpoint:
1) In the last 24 hours HEX has broken out of our bearish downward sloping trendline and is about 30 minutes from confirming on the daily time frame.
2) It has beautifully found support at the .236 fibonacci level and it appears to be exiting its distribution phase and entering an accumulation phase that would give it the base it needs to begin a markup in price.
These 2 simple yet powerful reasons are enough to open a position for a long with a target to our swing high at $0.171 and a tentative profit taking target at $0.1593.
There is also a lot of support below our .236 fibonacci level so feel free to use stop losses as your own gut tells you to.
Uniswap
Uniswap (UNI) - July 31Hello?
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(UNIUSD 1W Chart)
If the price is maintained above the 8.75010245-12.92996012 range, the uptrend is expected to continue.
(1D chart)
If the price is maintained in the 15.66272533-22.52822224 range, it is expected to turn into an uptrend.
If the price holds above the 22.52822224 point, it is expected to reorient itself in the 29.39371914-32.82646739 segment.
If it falls in the 12.22997708-15.66272533 section, it is possible to enter the mid- to long-term investment area, so careful trading is required.
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(UNIBTC 1W chart)
If the price is maintained above the 35399 Satoshi-41575 Satoshi section, it is expected that the uptrend will continue.
(1D chart)
If the price is maintained in the 47297 Satoshi-58765 Satoshi section, it is expected that the upward trend will continue.
However, it should break out of the downtrend line.
If it falls in the 30094 Satoshi-35828 Satoshi section, it is expected to enter the mid- to long-term investment area, so careful trading is required.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
UNI is going to break this trend line? 😲Uni/Usdt, as well as Bitcoin, are up 18%, the price has now found local resistance at $20, you can also see there is a trend line, which is also resistance at the moment.
If the price starts squeezing towards the trend line and breaks it, it could be a good opportunity to buy, with the targets noted above.
But be careful, because the market is in limbo now, and a break-down of the trend line could be a trap.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Uniswap: No breakout of its triangle yetDespite the latest rally, UNI touched its dynamic resistance only to pull back. UNI is still trading perfectly within its triangle. I'm trying to gather evidence about the hypothesis that this triangle (appearing on other crypto tokens as well) may turn out to be bearish. I'm still undecided because there's so much manipulation going on. Yesterday I was sure we had a clear bullish signal but the long wick and shooting start pattern on the daily is worrisome.
Uniswap/USDT long and short scenarioUniswap is still trading in a descending triangle pattern:if the price breaks upward and there is a confrimation through the volumes,a long position can be set at the retest of the trend line in the 20/20,5$ range area(EMA50 and EMA200 as support),target at the previous resistance and fibonacci retracement level/EMA100.
If the price will get rejected by the top of the descending triangle pattern and close a daily below it,a short position can be set below the 0,5 fibo retracement level,with target the 0,236 fib retr level
Uni is going to break through this resistance zone 🤯After yesterday's rise in bitcoin, all altcoins also rebounded strongly, with Uni rising 20% to a resistance level of $16.88, before declining slightly.
The Uni is now declining near this resistance level, which is a signal for a breakout and continuation of the trend.
If the price breaks this level and tests it as support, it would be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
HEX DistributionThis idea will be labeled as bearish but it should it be noted upfront that I am bullish.. just not at this immediate moment. But I am closely watchful due to the fact that HEX has bullishly engulfed and formed what might be a tweezer bottom candlestick formation on the 4 hour time frame, which are technically seen as reversal patterns.
HEX seems to print these formations a lot as it did similarly just over a week ago before running up 60% to all time highs. And now we find the asset in the process of doing it again should this bullish engulfing 4 hour candle close confirm.
It is this reason that although the price action is getting rejected currently by my .236 fib level, as well as below a bearish downward sloping trendline that has been serving as resistance since the top, I am watching closely. Also, the first important critical area of resistance sits just inches over the current price's head and could therefor be smashed through any moment. Likewise, a rejection can occur and send the price bearishly wicking right back to the downside.
Unfortunately, these things are also why I must mark this idea as bearish and warn against any immediate longs until at MINIMUM the price breaks back above the red .236 fibonacci level I have labeled and ultimately break the bearish, red downward sloping distribution line that has kept the price under water since its peak a few weeks ago.
Uniswap(UNI) big chance that will drop 50% if break this SupportPurple Line = Weekly Support
Red Line = Daily Support
Orange Line = 4 Hour Chart Support
Yellow Line = 1 Hour Chart Support
UniSwap (UNI) is on the way that break Weekly Support level, if that happen UNI has only Daily, 4 Hour and 1 Hour Support Level as obstacle and if we see Daily, 4 Hour or even 1 Hour Bearish candlestick which close bellow yellow line We can expect that price will drop from $14 to next Daily Support Zone on $7 because downtrend is confirm by Daily Descending Triangle too.
If this help you with your trading Please Like, Share and Follow that give me motivation to make another Trading Ideas
If you have some suggestion, comment or other opinion feel free to write it in comment
Wish you succesfull and consistent trading with profits!
Uniswap (UNI) - July 12Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(UNIUSD 1W Chart)
If the price is maintained above the 8.75010245-12.92996012 range, the uptrend is expected to continue.
In particular, if the price is maintained above the 20.86609475 point, it is expected to create a new wave.
(1D chart)
If the price is maintained in the 15.58722681-22.41497446 range, it is expected to turn into an uptrend.
If it rises above the 22.41497446 point, we expect the uptrend to continue.
If it goes down, you should check to see if it finds support at the 12.17335320-15.58722681 zone.
In particular, you should watch to see if it moves along an uptrend line.
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(UNIBTC 1D Chart)
The 58765 Satoshi-64499 Satoshi section is the section that determines the direction, and if it is supported and rises, it is expected that the upward trend will continue.
If it falls from the 58765 Satoshi point, there is a possibility that it will fall near the 47297 Satoshi point, so a Stop Loss is necessary to preserve the profit and loss.
However, looking at the big picture, if the price is maintained above the 30094 satoshi-35828 satoshi section, it is expected that the upward trend will continue.
Accordingly, careful trading is required.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
UNIUSDT (Uniswap) - Coin of the Week Uniswap is a well-known decentralized trading system that helps automate the trading of decentralized finance (DeFi) tokens. An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading. Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges. Uniswap came about as a plan to introduce AMMs on Ethereum to a wider audience. The platform’s creator is Ethereum developer Hayden Adams.
Technically, the structure that UNI is making is “trapped” between the resistance marked on the chart and the low that it made on the 23rd of May at 13 USDT. If the price breaks the blue trendline the highest probability move would be a continuation to the low. If the price stays above it (blue trendline), we can see it touching the resistance zone.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.