Uniswap
This Is Why The Uniswap (UNI) Can Be Your Best BuyHey friends, hope you are well, and welcome to the new update on Uniswap ( UNI ).
Broke down up channel and formation of down channel:
The price action of Uniswap was moving in an up-channel from the second week of Feb 2021. Finally, in the month of May the priceline broke down the support of this channel with a long bearish candlestick and after a small correction rally, the price action of UNI started the formation of the down channel. Currently, the price action is moving in this pattern and reached the resistance of this down channel.
So far it is not confirmed that the price action of UNI has been completely rejected by the resistance of this pattern because we have the fourth candlestick moving with the resistance of this down channel. At any time the price action can break out the resistance or it can be completely rejected and move down to the support again. Therefore, at this time it is very important to keep an eye on the price action to determine the breakout or an upcoming bearish move. For this purpose, we can use the different indicators as well.
Strong rejection and different support and resistance levels:
If we take a look at the different support and resistance levels on the daily timeframe, then it can be easily observed that the price action was very strong bullish since the month of November 2020 to the first week of May 2021. Finally, the priceline of Uniswap found very strong resistance at $45 and got rejected by this level. While moving down the price action broke down the $30, $25, $20, and $17 support levels respectively, and finally found support at $14. From here the price action moved up again and broke out the next resistance of $17.
Harmonic bullish BAT pattern formation:
Now on the 2-day time frame chart, the price action has formed a big bullish BAT pattern. The buying and sell targets as per the Fibonacci sequence of this patter are as below:
Buy between: $16.63 to $14.93
Sell between: $20.69 to $26.77
The maximum extent of the potential reversal zone $14.93 can be used as stop loss. As per the above targets, this trade has a huge profit possibility of 79%, and the a high loss possibility is 11%. Therefore try to buy it within the potential reversal zone as low as possible.
Conclusion:
The price action of the Uniswap was very strong bearish. But while moving down in the down channel the priceline has also completed the formation of the bullish reversal pattern. Therefore, we can expect at this is the level we have found the support and price action of UNI can start a bullish divergence from here at any time.
UNISWAP Long if Green appearsSignals: Blue * 3 --waiting for Green
or
Breakout of the Resistance Line
UNI,UNIUSD,UNISWAP,UNIUSDT,UNIUSDTP,CRYPTO,CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
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Uniswap (UNI) forming bullish BAT for upto 79% rallyHey dear friends, hope you are well, and welcome to the new update on Uniswap ( UNI ).
Now on the 2-day time frame chart, the price action has formed a big bullish BAT pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Uniswap (UNI) - June 23Hello?
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(UNIUSD 1W Chart)
If the price holds above the 15.35986286-20.86609475 range, we expect the uptrend to continue.
(1D chart)
If the price is maintained in the 15.35986286-22.41497446 section, it is expected to turn into an uptrend.
In particular, we need to watch for a breakout from the downtrend line.
If it falls from the 12.17335320-15.58722681 section, you can touch the 8.75010245 point, so you need to trade carefully.
If it falls from the 8.75010245 point, it will 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 53565 Satoshi point, it is expected that the uptrend will continue.
(1D chart)
It remains to be seen if the 47297 Satoshi point can find support and move up.
In particular, it remains to be seen if the price can be maintained above the 53565 Satoshi branch.
If it falls from the 47297 satoshi point, it can touch the 35828 satoshi point, so you need to trade carefully.
If the price is maintained in the 47297 satoshi-58765 satoshi section, it is expected to turn into an uptrend.
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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)
I think UNIUSD will bounce up for another transition phase.The RSI is probably about to change phase. BTC is going to decrease and has 50% chance of making UNI decrease greatly as well to $13. 50% chance of either staying where it is or decreasing a little bit more to 19.5.
I believe the fib time retracement combined with the price retracement for this last bounce predicts 50% chance of just having a bigger bounce, having a high of around 36, or going beyond that to max 61 for this next increase.
w/l=0/0
UNI, Uniswap - updating of minimum is possible⬇️Price touched 3 times support line. In the last one, we made a false breakout. Now we're coming back to the support line again. If the price breaks it, I'll open a short position after retesting with SL higher than the support line.
Write in the comments all your questions and instrument 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
$UNI - LONG TO THE TOP AND BEYOND$UNI is building steam on the daily
We bought @ 29 and reloaded at 22 pushing down the DCA - Heavy resistance to come around the 36 area
Expecting some coiling of prx action before a decision is made .... I am still bullish here with a sell target of 42 USD - 246% ROI
UNIUSDT trade analysis on daily timeframe. What comes next ?After recent market slump, uniswap is trying to recover and break the resistance 1 at around $28, in order to move towards next resistance level at about $34.
It has tried to break resistance 1 two times previously, but failed and if it fails for the third time it might go lower and land on the 200 day EMA which might act as a support.
However, 20 day EMA has crossed down 50 day EMA which shows a bearish sign, but that might also have happened due to a lot of volatility in the recent days in almost every market. If the 20 day EMA manages to cross over 50 days EMA, that's a good sign which might lead to a price reversal.
Also, MACD is currently in negative territory which might get positive if the support level holds.
If this immediate support level holds with good volume, we might see an uptrend soon, else the third attempt to break resistance may fail and it could go much lower.
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Uniswap (UNIUSDT) bullish inverse head and shoulders!UNIUSDT is testing the neckline of the inverse head and shoulders pattern at $24. Bitcoin has already broken out of the inverse head and shoulders , so lets see if Uniswap can follow. A break above $24 with good volume could be a good place for a long. That said, right now there is the 200MAs serving as resistance, so price needs to break through that; failure to do so could send prices lower and invalidate the inverse head and shoulders bottom breakout setup.
As always, I’m not a financial advisor, do your own research, and stay safe!
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UniSwap sell at $30.UNIUSDT - Intraday - We look to Sell at 29.29 (stop at 30.88)
Daily signals are mildly bearish.
Trading close to the psychological 30.00 level.
Pivot resistance is at 30.00.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 25.26 and 24.26
Resistance: 28.00 / 30.00 / 32.00
Support: 25.00 / 23.50 / 21.50
Weekly Swing Trade - Long UNIUSDLong UNIUSD -25.8933
Stop Loss - 21.078
Take Profit - 35.523
Hold for about a week, close out in 3-4 days if trade goes in your favour and price has started idling.
If price has moved against you, but has not hit SL, leave the trade open unless you need the cash for another trade.