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Uniusdt

Navigating Uniswap Price DiscoveryBINANCE:UNIUSDT - 4H Uniswap, much like other Defi darlings 1-inch & Sushi, presents a high barrier to entry for retail crypto participants. They hear about Defi and know the names of exchanges/lenders, but don't participate anywhere near the level of CEXs. They also hear horror stories about rug pulls and high gas prices, which deters them even further. Despite the tepid interest from mainstream retail, Defi has exploded onto the scene the past 18 months. People with high risk tolerances have seen impossible gains from airdrops and liquidity pools. For people with less risk tolerance, they can leverage trade Defi chips and enjoy the ride to a lesser, yet still incredible extent. Uniswap has been mooning in value since mid-November and is on its 11th day of (actual) price discovery with little end in sight. I say actual because the day it launched it traded at $15 for a very short time period. On the chart we see a clear uptrend with candles riding between the upper band and EMA7. There is another trend of a short retraction after a high piercing wick(s). At the time of writing, it has some room between the upper band and candle wick, which I would expect to be filled shortly. What I'm really looking for is the ensuing retraction after this run subsides. I'm hoping for a wick to dip into the green box, which represents a strong support/fib level. I would expect an immediate shot up from any wick in that area. Alas, with the majors holding supports and printing bullish signs, I don't know that the price will dip to that level as the EMA has served well as support in the recent trend. So I will likely double up longs at $12.9x and in the green zone should it happen. Do notice the tall volume bars peaking above the vol EMA. On a shorter time frame this would signal a retraction but on the UNI 4H chart, a similar volume bar kicked off a 40% run over two weeks. This is not investment advice and trading cryptocurrency is high risk.
Long
by LoDoCrypto
UNI/USD - Bearish divergence! Caution!After UNI did a fantastic run we stopped short of .50 cents of previous ATH at $15. Now we are painting quite a bearish picture with RSI on 4h and daily showing a bearish divergence (higher price, lower RSI) and MACD quickly losing strength as presented by the histogram. Therefore, do not buy here, this is the time to exit if you bought lower for a quick gain. If you are a long term holder, then you should not be too concerned, as we have plenty of support at $12 and $10. Perhaps UNI would have set a new ATH if BTC/ETH did not tank the market today as its momentum was very strong, however that is now changing, so be careful. Possible price paths on the chart. Like and follow if you liked this idea!
Short
by DU09
2
Upward pressure likely to continue with a slight short term dip.In the Mid Term group of TFs (1d, 2d, 3d, 4d) The Green MA is higher than the Energy in all TFs, The Red RSI is significantly above 50. We know that when the Red RSI has closed above 50 we are unlikely to see a reversal to downward pressure until the Energy falls below 50. Currently Energy in the 4d is at 67. However because of how high the Red RSI and the Green MA are in these TFs (above 80) we do stand a risk of exhastion, but we should have good warning before any risk of reversal. In the Short Term group of TFs (90m, 3h, 6h, 12h) The Green is higher than the Energy and the Red RSI is above 50 in all TFs which indicates bullish sentiment. However in all TFs the Red RSI has made contact with the Green as it falls indicating a period of downward pressure. From what we can see in the higher TFs, in my opinion this will be a short period of downward pressure and upward pressure will resume. In the 90m the Green is very close to 50 and looks as though it may well close below 50 in the next candle and because we closed last candle with the Red RSI making contact with the Green MA, the Energy is likely to fall below 50. As long as the Red RSI in the 90 doesnt turn down and fall below 50 the price actioin is unlikely to fall below the BB Basis (Currently $13.35). In the 3h we have also closed with the Red RSI making contact with the Green MA as it falls, the Green is heading down toward 50, if it does close below, as long as the Red RSI doesnt cross below 50 the price action is unlikely to fall below the BB basis in this TF too (Currently $12.63) In the 6h and 12h, as the Red RSI is above 80, if the Green crosses below 50, it is unlikely that the price action will fall to the proximity of the Bollinger Band basis. So, in conclusion. In my opinion we may see a small dip to around $12.63 - $13.35. After which we should resume upward pressure. Upward pressure for now set to continue. Please note: This is not financial advice but just an overview of current market dynamics. If you got value from this publication please hit the like button Trade safe aBL
Long
by aBitLong
8
UNI - 4h. Buyers do not have the strength to break $12.5.The amazing rise in the UNI price while the BTC market is in correction is impressive. In just one day, buyers managed to raise the price by 40% . The main reason for this was the break of the critical range of $9.1-9.6 , under which the price has been consolidating since January 16. After breaking this range, trading volumes increased significantly. At the moment, the daily trading volume of the Uniswap token is $5,280,354,800. UNI entered the top 5 of all cryptocurrencies in terms of daily trading volumes. However, is there potential for UNI growth without correction? The chart shows that the first problem that appeared to buyers is the mark of $10.85. This mark shows abnormal volumes, which indicate that sellers have become more active. At the moment, this mark is under the control of buyers . This is confirmed by yesterday's unsuccessful attempt by sellers to start a correction. However, with the second problem , buyers can not cope even with high volumes. This is a mark of $12.51 . Until the price is out of the consolidation range - it is dangerous to buy UNI. Only after fixing above $12.51 can we expect continued growth to $15. However, given that buyers are again faced with a white trend line , from which the price of UNI jumped twice while the probability of starting a correction is higher. At the moment, this is our main scenario, which we wrote about in our global UNI idea: Let's see where the price will shoot from this consolidation and watch. ____________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
15
💡 Don't miss the great buy opportunity in UNIUSDTTrading suggestion: . There is a possibility of temporary retracement to suggested support line (8.95). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . UNIUSDT is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 12.10 TP2= @ 13.50 TP3= @ 15.00 TP4= @ 17.16 TP5= @ 19.34 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
14
💡 Don't miss the great buy opportunity in UNIUSDTTrading suggestion: . There is a possibility of temporary retracement to suggested support line (8.95). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . UNIUSDT is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 12.10 TP2= @ 13.50 TP3= @ 15.00 TP4= @ 17.16 TP5= @ 19.34 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
15
Uniswap (UNI) - January 25 (1h)Hello? 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. -------------------------------------------------- ----- We need to see if we can get support at 11.644 and move up along the uptrend line. You should watch for movements that deviate from the 8.518-14.062 interval around the time indicated on the chart. If you break above the 10.629 point, it is a short-term entry point. If you fall between 6.808-7.413, you need a short stop loss. -------------------------------------------------- ------------------------------------------- ** 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. Therefore, 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: closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
by readCrypto
UNI/USD - Aiming for $15!UNI has been on a parabolic rise for some time and now it appears $15 is in play (previous ATH). We are currently pulling back slightly towards $10, but then if this momentum is maintained we can go to $15 as soon as we pass the resistance at $12. The parabolic rise is represented by the yellow curve and we have two target points at $12 and $15. The indicators are looking good and this last push was on a good volume. We also have to keep a close eye on ETH and BTC which are ranging and may break their existing patters on Monday. If you are bullish entering around $10 seems like a good spot. Short term bias also remain bullish as long as we stay above $10. DEFI coins have done a fantastic run this past month, so keep your eyes on UNI! Like and follow if you liked this idea!
Long
by DU09
2