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Uniswap

UNISWAP- Double Bottom or Head & Shoulders. We'll find out soon!I'm picking up on a nice new continuation pattern that can send UNI forward further. Yes it has 4x'd the past 2-3 weeks. But its not done. Its adoption rate has been phenominal and its continuing to develop new use cases. So this looks like a nice double bottom at 17. Resistance to break is local high 19.8 Very deciding development here. I'm holding but i'm also buying more if it breaks above 19.8 with support and volume. I'm selling below 17 because it would complete a pretty well formed head and shoulders (reversal) pattern. I'm 60/40. Our btc-eth-alt cycle is a little out of wack because eth beat a few alts to the ATH party. That said i think this plays out better for ALTs but UNI is one of those alts that DID beat ETH to the ATH party. SUMMARY- 60% UNI breaks through and holds 19.8 for support. From there its going to $25. 40% it doesn't, confirming head and shoulders. I'm not going to guess a bottom because it hasn't stopped to look back very often from $3 to $19. 100% certain there is signifigant movement (+/- 10-15%) in the next 24hrs. Not a professional advisor. Just like to write down my ideas and observations for personal reference. And i'm right 100% of the time...most of the time.
COINBASE:UNIUSD
by McGorgeous
Uniswap (UNI) - February 8Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- It is one of the coins that is not easy to catch the flow due to the rapid rise. We have to see if we can get support and climb in the 17.436-18.467 range. If you move down at 14.343, you need a short stop loss. On the wRSI_SR indicator, when the RS line rises by more than 20 and turns into an upward flow, you need to check which section is supported. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
by readCrypto
1
Uniswap (UNI) $20 Support Forming Road to $27?What a magnificent performance we have been witnessing from Uniswap since the begging of this year. Cheers to everybody that has held to $20! Every hodler, trader, and investor should be excited and thankful for the explosive growth that we have been seeing with Uniswap and within the Decentralized Finance (DeFi) realm overall. Almost every week we have been seeing the DeFi sector increasing Total Value Locked (TVL) by the billions. It is very refreshing and reassuring to see Uniswap hugging the 2.618 Fibbonacci level of $20. Many believed we'd dump right after $20 but that doesn't seem to be that case so far. We've traded through $20 five times starting to form the basis of a $20 support area. As of right now we have a low support of $17.80 and a resistance of $21.56 The next destination for Uniswap will be the 3.618 Fibonacci level putting us at a new all time high target of $27.00 if this momentum continues. So far Uniswap just reached a milestone of 30 Billion dollars in Total Value Locked (TVL) and is nearing 4 Billion dollars worth of liquidity. Uniswap is only about 2.8 Billion dollars away from Binance's 8.6 Billion dollar market capitalization. If we continue this bullish momentum througt 2021 there's doubt in my mind that Uniswap will eventually be the biggest cryptocurrency exchange overtaking Binance. Uniswap is truly a game changer and as always I'm keeping a nice bag of UNI for the long term. Much Peace and Love! Cheers!
COINBASE:UNIUSDLong
by peacefuljustin
6