[Long] Trend Analysis on Uniswap UNI COINIn has been a good past few weeks for Uniswap. The coin has seen an upwards trend from 28 dollars to 34. Recently after a wave down we can see that Uniswap has leveled out. In this traders opinion Uniswap is now on it's 5th wave up at some point within the next to weeks as it's already saw a recent down from 30 dollars to 34 just in the last day, April 13th to April 14th. Uniswap coin UNI has a long way to grow. This reminds me of a situation like NEO except for the bad downfalls of NEO this coin has potential to go all the way up and because of its decentralized architect it is here to stay. Because of Ethereum Uni coin has grow up fast and hard to 34 dollars and this trader knows that this is just the start having seen it again and again from 2014 with different altcoins. I believe this is the 5th wave up and could see 5% to 10% profit increases in just a few weeks and isnt that what anyone could hope for?
Uniusdt
UNISWAP Targets 50$ RangeUniswap has been consolidating in an ascending triangle pattern. Breaking upwards, it will be targeting the 50$ mark which is also the fib 2.618 extension from the last swing high to swing low.
The low volume inside this triangle is a confirmation of a reaccumulating zone.
Uniswap mainnet V3 launch is scheduled for May 5 which could be the catalyst for the breakout when we reach closer to the apex.
Not financial advice
UNI next possible moves?So UNI has been forming this large triangle...
It has been forming a smaller one (blue line) but unfortunately, we broke down (as all ht crypto market).
It has hit double resistance and pulled back to lower prices...
What can happen now??
Well, we could go to the support lane and form a double bottom and see an incredible pump... (yellow)
We could also see an incredible volume and a movement north (green)
But there is always a bearish scenario... (red) we could break the resistance and fall down to a lower price...
Hopefully, we will see BTC moving up and other coins as well...
UNIUSDT ABOUT TO...UNIUSDT ON THE DAILY...
Well looking at this could be 2 ways ofcourse but... i would not be suprised to see a retrace here before the markt moves more up.. othewise if it breaks thru resistance he could make way towards upside of "channel".
be free to place a comment or like the idea.
UNI have unlimited potential, Already up 2808.5% in 7 months !Today's analysis is about UNIUSDT on 1D timeframe.
UNI is the governance token for Uniswap , just like BNB is for Binance exchange. But UNI has shown about 2800% gains in just 7 months. Uniswap is a decentralized exchange (DEX) that makes it easy for users to swap an ERC-20 token for another ERC-20 token without the need of a centralized intermediary.
Let's talk about the analysis now.
It seems like UNI is range bound for now trading between $20 and $30, and accumulating further. We can see immediate support at about $25, as it has already tried to break the above range three times, hence Triple Top. I am using a ghost feed to show the price projection for both scenarios, if the price holds the immediate support level and breaks the immediate resistance, UNI is going to see another leg upward in the free zone. On the other hand, if price breaks the immediate support level, it might see a downtrend.
I have a bullish bias as I can see a hidden volume bullish divergence, and also MACD is flat but MACD line might crossover signal if volume increases.
Daily analysis gives long term trade ideas, where investors hold their positions for weeks or even months.
I would say, if it breaks the resistance with good volume and also if MACD line and signal line crosses over with a good percentage, it's a good idea to buy some UNI or go LONG on it.
Not a financial advise, DYOR and follow us for more ideas.
HAPPY TRADING
UNI/USDT still potential for $50 new update #UNI/USDT TA Update:-
$UNI currently trading at $29.7
And I told you to buy between $28-$31
Lower buy order also filled.
Entry:- $28-$31 ✅
Bounce back from strong support $28.
Still good entry zone.
Targets still same.
TP1:- $34.20
TP2:- $40.60
TP3:- $50.10
Why I posting this update now..?
Many messages received so Now I am posting again $UNI Update.
Don’t panic guys.
Support:- $28
Resistance:- $34.20/$40.60/$50.10
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UNI to $200 - COINBASE Q1 Earnings show Insane Profitability COIN Q1 2021 Earnings - reported April 6th after closing bell
Before you say moon boy - please hear me out. Coinbase (COIN) just announced 1st Q 2021 Earnings and they were absolutely mind bogglingly spectacular... I mean absolutely absurd. Revenue / EBITDA / Net Income smashed any expectations. Q1 2021 Revenue came in at $1.8B / EBITDA $1.1B / Net Income $800M.
COIN generated more revenue in a single quarter than it produced in all of 2020... let that sink in for a bit.
Link to COIN Q1 Earnings Results
Why is this bullish for UNI?
COIN will list on NASDAQ on April 14th in a Direct Listing IPO and will begin trading with live prices which will immediately inform all market participants what the value will be. My view is that COIN will likely IPO at $100B market cap and will likely double in value to $200B in market cap on the same day - a 100% return in a day.
The average tech IPO lists at 24x P/S - if we're conservative we can take a forward twelve months view including Q1 Actuals. If we do this we get nearly $200B market cap. COIN could legitimately trade at double whatever price it initially lists at and it would imo be a fair price to pay considering the growth of COIN's Revenue / EBITDA / Net Income. Most tech IPOs aren't even profitable on day 1. COIN is massively profitable.
Now, getting to UNI - this relates directly to UNI as UNI is a direct comp to COIN. I know that one is a CEX and the other is a DEX, but they provide the same function at the end of the day which is provide users the ability to trade, purchase, and invest in cryptocurrencies.
UNI imho has the edge in cryptos as nearly >500 coins are listed on UNI while COIN is limited in what it can list and will have greater scrutiny going forward being under the SEC / FINRA greater regulatory framework.
At any rate, UNI's current market cap is ~$16B. If COIN lists at $100B and then subsequently trades up to $200B market cap then imo UNI should be worth at least half the value of COIN at a very minimum!
UNI already does more exchange volume than COIN and has more listed coins by a large margin. The only thing COIN has over UNI is that COIN has a larger asset base with nearly $90B of institutional funds sitting in custody. The comparison to make with UNI, and it's not perfect, is the Total Value Locked (TVL) or staked / vaulted in UNI which has been rising exponentially. A week ago this was at $4B. Today that value is north of $6B. This could realistically grow to over $50B by June / July.
Despite the higher ETH fees, UNI continues to outpace COIN in daily volume which is impressive to say the least. It's very apparent that there are some massive players operating on UNI - from family offices to large Investment Banks. This is an important sign that UNI's trading platform offers superior performance and is a sign of things to come for anyone holding UNI as it will continue to outcompete as the majority of interesting projects are still forks of ETH.
Consider that 50% of the top 10 coins by market cap are running the ETH protocol or are forks of ERC-20.... ETH, BNB, USDT, UNI, LINK. This is important as the majority of the MOST successful projects are running ERC-20 and this is precisely what UNI allows to trade on its platform. I'm sure one day when atomic swaps are a thing or another layer 2 upgrade is incorporated - UNI will eventually offer non-ERC-20 coins but for now it's not really that necessary considering that there are still tons of intriguing opportunities in the ERC-20 space.
Conclusion
All things considered, if COIN lists at $100B then trades up to $200B based on my fundamental view, UNI should at least be worth half of what COIN is worth at a minimum - this would put UNI at $191 / share
UNIUSDTTriangle for climbing
As you can see in the chart, the UNI currency is forming a triangle pattern, and this triangle pattern has a special feature based on the uptrend.
However, if we leave out the triangle pattern. There is another issue that not only resists the fall of
this currency but also supports the rise of the price, which is the support and resistance zone in the price range of 29.8 - 30.3 dollars.
This support zone has a total of several support components, including:
Ichimoku Cloud, Moving Average 50-100-200, Fibonacci 0.76 and Triangle Floor
With the price rising and the upward triangle breaking, the upward trend is expected to continue up to the channel ceiling.
Is Uniswap able to get back its ATH?We have a broken mid-term uptrend and as you see price dropped to the bottom of long-term ascending channel
If UNI could maintain in this ascending channel we expect to attack for its ATH
But if this channel broke , price will retrace to the strong support about 17$
All alts are mooning, what to buy?! UNISWAP!Update on my previous UNI review and now on a daily time frame.
In short; UNI has seen a big rally in anticipation for its V3 dex and consolidated from 36,6$ (ATH) to 25,3$.
Now, we are in alt mania days and a lot of alts already pumped so you dont wanna chase those, so which one still has a lot of upside potential?
In my opinion this is UNISWAP, why?
- MACD just (!) crossed on the daily
- RSI is healthy, nowhere near overbought; setting a higher low, aiming for a higher high
- UNISWAP V3 dex is coming at the start of May and the price will rally in anticipation to launch
- its alt mania; all alts are mooning and UNI is still catching up
- In case of a very strong rally we could hit 50$ and gain 60+% against the USD and minimum 25-30% against BTC.
I dont see any reason not be exposed to UNI but ofcourse make your own analysis.
You can check other alt coins that are ready to moon on my profile or with the links below.
IMPORANT: trade or invest at your own risk and research.
UNI potential next moves??UNI has been forming a nice triangle...
If it´s not too late we could see a breakout to new ATH...
We could also break down and pull back from the trend line...
- this is where I would be making a trade
If we break the trend line we could move to our last big support level around 20.
And also we could also see just consolidation out of the triangle just as ADA did last week.
With enough volume, we could break out... we also need to see what BTC does...