Uniswap (UNI) Has Shown Minimal Growth
During December 2023, the UNI token has shown minimal growth. Despite reaching a yearly high of $7.07, UNI's market behavior largely reflects Bitcoin's trends.
The asset is currently fluctuating within a sideways range, with support at $5.9 and resistance at $6.4. If buyers maintain momentum, Uniswap's price could potentially retest the resistance zone of $6.70-$7.07 and aim for a new high. However, future movements will hinge on Bitcoin's trajectory.
A deeper correction could see UNI drop to buying zones at $5.27-$5.62, $4.63-$5.00, and down to $4.45, creating opportunities for accumulating long positions in anticipation of a possible upswing.
Uniusdt
UNISWAP → Falling out of Bull Channel to $4.80? Let's Answer.Uniswap has fallen out of its Bull Channel and is surfing on the Daily 30EMA! After Bitcoins harsh selloff at resistance, is Uniswap and the entire crypto market about to reverse to previous lows?
How do we trade this? 🤔
Uniswap price action is currently going sideways in a trading range, a typical signal when a Bull Channel has come to an end. What we need now is a sell signal to confirm the price is going down and we need to look for it at the Left Shoulder high price of $6.86. If we get a strong sell signal bar and confirmation closing on or near their lows at that price, then we will have a Head and Shoulders reversal pattern playing out, giving us the necessary justification to short. Keep an eye on Bitcoins behavior as well to see if the general market sentiment is shifting.
My latest analysis on Bitcoins future here:
💡 Trade Idea 💡
Short Entry: $6.27
🟥 Stop Loss: $6.89
✅ Take Profit: $5.03
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Fell out of Bull Channel, Trend Changing.
2. May bounce off of 30EMA and attempt Left Shoulder Price.
3. Look for potential Head and Shoulders Reversal Pattern.
4. RSI at 50.00 and below Moving Average, Bias to Short.
5. Reasonable to Short if Sell Confirmation on Right Shoulder.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
UNI/USDT upward momentum? 👀 🚀 UNI Today analysis💎Paradisers, UNIUSDT has recently shown a notable market movement. After facing rejection from a supply level, it's poised for a potential bullish shift from its current demand level.
💎UNI has consistently adhered to a descending channel pattern, breaking above it to initiate upward trends. Currently, after being rejected from the supply level at 5.646, UNI is regaining bullish momentum.
💎This resurgence is accompanied by an increase in buying side liquidity, indicating a strong likelihood of a bullish move. In this scenario, the interplay of probabilities and mathematics becomes crucial, offering a clear view of the risk-reward landscape for investors.
💎 There's also a possibility that if UNI fails to maintain its stance at the current demand level and breaks below, it might seek a bullish continuation from a lower demand level at 4.406. Should it breach this level, a significant downward trend could be triggered.
💎 This analysis underscores the importance of monitoring key levels and market trends for strategic trading decisions in the dynamic crypto market.
UNI/USDT Break the pattern. Bullish Momentum for Uniswap ????💎 UNI has certainly made a significant impact on the market's attention. It has managed to break out from a descending channel, marked by a strong green candle, signaling a bullish turn. Currently, UNI is at a critical juncture, facing a resistance area.
💎 If UNI is unable to breach this resistance, it may retreat to a demand area at $4.520 for a retest, as it has not yet undergone a retesting phase since the breakout. Conversely, if UNI can pierce through the resistance area, it may probability progress towards the target supply zone and beyond.
💎 Should UNI not sustain the demand at $4.520 and the level gives way, it would suggest a false breakout and a bearish indicator, potentially leading UNI to descend and probe the next lower demand zone.
UNI/USDT Anticipating a Bullish Surge? 👀 🚀UNI Today Analysis💎 Paradisers, get ready for a potentially thrilling opportunity with #UNIUSDT. The asset is currently making a notable move, having successfully retested its descending channel trajectory, setting the stage for a probable robust bullish movement.
💎 #UNISWAP has been consistently adhering to a descending channel pattern. Recently, it experienced a rejection at resistance and is now re-engaging with the channel's resistance. A key point to watch is the resistance level at $6.608. A breakthrough here could significantly increase the likelihood of a strong bullish movement, aiming to surpass the formidable resistance at $9.463.
💎 However, in the unpredictable world of cryptocurrency trading, it’s crucial to consider alternative scenarios. Should UNI falter in maintaining its upward momentum, the next focus could be on a bullish continuation from the support level of $5.734. A break below this level might lead to a substantial downward movement. 🌴💰
DEFI: UniSwap - ALL YOU NEED TO KNOW 🦄Hi Traders, Investors and Speculators of the Charts 📈📉
If you’ve been following me on TradingView for a while, you’ll now that I’m a believer – a believer in the promise of blockchain. One of the principals of this promise is to move away from centrally controlled banking systems. This would eventually include the act of saving and earning interest for the money that you leave in the capable hands of your banker (who also gets to decide whether or not you qualify for loans). Currently, you need to give up all of your personal information to open a bank account and furthermore you are seriously undercut in the returns / interest rate that you will be receiving (to name only two of many problems with the system). For example, where I reside, the most common interest on a savings account is 5% annually, whereas the interest on your credit card is 19.5% annually. And this is, in short, the common argument for Decentralized Finance.
Before we continue, familiarize yourself with these key terms:
TVL – Total Dollar Value Locked in the platform
DEX - A decentralized exchange. DEXs don't allow for exchanges between fiat and crypto — instead, they exclusively trade cryptocurrency tokens for other cryptocurrency tokens.
Blockchain – A unique way of coding that is open for anyone to use, many believe that web3 will be built on top this kind of coding
DeFi – Decentralized Finance such as cryptocurrencies and stablecoins
dApp – Software like apps that work on the basis of blockchain code and thus apps that accommodate cryptocurrency such as UniSwap and NFT Market places
LP tokens - New liquidity pool tokens. LP tokens represent a crypto liquidity provider's share of a pool, and the crypto liquidity provider remains entirely in control of the token. For example, if you contribute $10 USD worth of assets to a Balancer pool that has a total worth of $100, you would receive 10% of that pool's LP tokens.
APY - Annual Percentage Yield, think of it as yearly interest in percentage
Smart Contracts — E lectronic, digital contracts coded to integrate with dApps. Automated financial agreements between two or more parties once the pre-determined terms of the contract is reached
Uniswap is a decentralized cryptocurrency exchange that uses a set of smart contracts (liquidity pools) to execute trades on its exchange. It's an open source project and falls into the category of a DeFi product (Decentralized finance) because it uses smart contracts to facilitate trades. Built on Ethereum, Uniswap is the first and largest DEX in DeFi and one of the many places where you can participate in yield farming. To earn interest in their cryptocurrency holdings, investors contribute their funds to a Uniswap smart contract; these investors are known as liquidity providers. The smart contracts that hold their cryptocurrencies are known as liquidity pools. Liquidity providers are required for Uniswap to function since they provide liquidity for trading on the platform.
With the rise of Blockchain, Crypto and then Decentralized apps, yield farming was born to address some of the banking system's limits. Or at least, that would be in the perfect world.
Yield farming is the process of using DeFi to maximize returns . Users lend or borrow crypto on a DeFi platform and earn cryptocurrency in return for their services. This works for both parties, because yield farmers provide liquidity to various token pairs and you earn rewards in cryptocurrencies. However, yield farming can be a risky practice due to price volatility , rug pulls, smart contract hacks etc.
Yield farming allows investors to earn interest which is called ‘yield’ by putting coins or tokens in a dApp, which is an application (coded software) that integrates with blockchain code. Examples of dApps include crypto wallets, exchanges and many more. Yield farmers generally use decentralized exchanges (DEXs) to lend, borrow or stake coins to earn interest and speculate on price swings. Yield farming across DeFi is facilitated by smart contracts.
Let’s take a closer look at the different types of yield farming on UniSwap:
Liquidity provider: You deposit two coins to a DEX to provide trading liquidity. Exchanges charge a small fee to swap the two tokens which is paid to liquidity providers. This fee can sometimes be paid in new liquidity pool (LP) tokens.
Lending: Coin or token holders can lend crypto to borrowers through a smart contract and earn yield from interest paid on the loan.
Borrowing: Farmers can use one token as collateral and receive a loan of another. Users can then farm yield with the borrowed coins. This way, the farmer keeps their initial holding, which may increase in value over time, while also earning yield on their borrowed coins.
Staking: There are two forms of staking in the world of DeFi. The main form is on proof-of-stake blockchains, where a user is paid interest to pledge their tokens to the network to provide security. The second is to stake LP tokens earned from supplying a DEX with liquidity. This allows users to earn yield twice, as they are paid for supplying liquidity in LP tokens which they can then stake to earn more yield.
Yield farmers who want to increase their yield output can also use more complex tactics. For example, yield farmers can constantly shift their cryptos between multiple loan platforms to optimize their gains.
Back to DeFi - In centralized finance, your money is held by banks and corporations whose main goal is to make money. The financial system is full of third parties who facilitate money movement between parties, with each one charging fees for using their services. The idea behind DeFi was to create a system that cuts out these third parties, their fees and the time spent on all the interaction between them.
Defi is a technology built on top of blockchain - it can be an app or a website for example, which means that is was written in code language by software programmers. It lets users buy and sell virtual assets (like crypto and NFT's) and use financial services as a form of investment or financing without middlemen/banks. This means you can borrow , lend and invest - but without a centralized banking institution. In summary, DeFi is a subcategory within the broader crypto space. DeFi offers many of the services of the mainstream financial world but controlled by the masses instead of a central entity. And instead of your information being filed on paper and stored by a banker, your information is captured digitally and stored in a block with your permission. Many of the initial DeFi applications were built on Ethereum (which is a blockchain technology, but the code is different to Bitcoin's, in other words it operates/works differently). The majority of money in DeFi remains concentrated there.
Lending may have started it all, but DeFi applications now have many use cases, giving participants access to saving, investing, trading, market-making and more. Another example of such a market is PancakeSwap (CAKEUSDT). PancakeSwap is also a decentralized exchange native to BNB Chain (Binance chain). In other words, it shares some similarities with UniSwap in that users can swap their coins for other coins. The only difference is that PancakeSwap focuses on BEP20 tokens – a specific token standard developed by Binance. The BEP20 standard is essentially a checklist of functions new tokens must be able to perform in order to be compatible with the broader Binance ecosystem of dapps, wallets and other services.
💭 Final Thoughts 💭
Is yield farming profitable? Short answer - Yes. However, it depends on how much money and effort you’re willing to put into yield farming. Although certain high-risk strategies promise substantial returns, they generally require a thorough grasp of DeFi platforms, protocols and complicated investment chains to be most effective. Is yield farming risky? Short Answer - Absolutely . There are a number of risks that investors should understand before starting. Scams, hacks and losses due to volatility are not uncommon in the DeFi yield farming space. The first step for anyone wishing to use DeFi is to research the most trusted and tested platforms.
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CryptoCheck
UNI/USDT: A Golden Opportunity for LONG TradeBINANCE:UNIUSDT just strated breakout from its long tested resistance in daily chart.
The price was reject at the resistance last 3 times and this time we see price breaking out from resistance (Breakout yet to be confirmed, it could be fakeout, wait for our confirmation before entering trade)
After this breakout we have an epic opportunity to for LONG trade with target price upto 20 USD.
Entry price: 6-6.2 range (we will update the idea once we enter the trade). wait for our confirmation.
Stoploss: 4.00
TP1: 7.0
TP2: 9.0
TP3: 12.5
TP4: 15
TP5: 19
Stay tuned for trade confirmation and more updates.
Please like and share your thoughts in the comments.
Cheers
GreenCrypto
UNI Coin AnalysisAs long as it stays above the mentioned support of $4.42, the initial target for an upward movement will be $5.489.
Closing daily candles above $4.86 would be even more positive for the upward trend. Partial buys can be considered in these areas.
After $5.489, the next target is $6.
NFA.
UNIBTC just getting started!?The market is waking up finally
UNI against USDT has had a strong move recently but its good to keep in mind that this move is just a tiny blip against the BTC pair. I believe UNI will moon v the BTC pair eventually.
This move is nothing in the grand scheme
Uni is still relatively small market cap for its wide spread users and fees generated. This move does only a little to change that undervaluation proposition.
As Crypto Centralised Exchanges come under more pressure there is market share to be won for the Decentralised Exchanges
Before CZ left us he was an avid believer in decentralised exchanges eating market share. This is likely to be true. Currently Uniswap is the clear dominant player and is almost the equivalent to Ethereum's position last time in its space. People are using Uniswap. Fees are being generated. Growth is continuing and will explode in bull market. Uni should see value increase due to the networks value increasing.
UNI: Resistance BreakoutUniswap (UNI) technical analysis:
Trade setup: Bullish breakout from Channel Down pattern was followed by a break above 200-day moving average ($5.00), which confirmed a bullish trend reversal to an Uptrend. Now the price is retesting that breakout level. Upside potential to $6.50 near-term, and if broken, price could revisit $7.50 thereafter. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions.
Trend: Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $4.75 (previous resistance), then $4.00. The Nearest Resistance Zone is $5.50, which it broke, then $6.50.
$UNI Uniswap's Falling Wedge... Break out?BME:UNI Uniswap's price action has been dwindling in a falling wedge...
Current price: $4.5
Only Two things can happen:
Uniswap can remain in the falling wedge and retest support around $3.2 or
BME:UNI Price action can break out of falling wedge to seek resistances: 5.9, 7.5, 9.8, 12.2
UNI ANALYSIS🔮 #UNI Analysis
💰💰 #UNI is perfectly trading in a descending triangle pattern.Also we can see a huge volume in last few weeks. And If there is a breakout in #UNI then we will get a huge bullish move. 🚀🚀
💸Current Price -- $5.398
📈Target Price -- $8.891
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#UNI #Cryptocurrency #DYOR
Long trade setup for UNIUSDTFor the BINANCE:UNIUSDT.P Long Trade Setup, the following values are suitable for our interval trade:
Entry: 1.340
Target: 1.393
Stop: 1.306
Cost Reduction: -
The profit is reasonable relative to the risk.
*This is not investment advice; you can lose money. Crypto AI Signals is not responsible for any trades. 🚫💰
Uniswap (UNI) Fluctuating Between The Support Level Despite Uniswap (UNI) exhibiting a rather muted response to Bitcoin's October gains, it has seen a significant uptick in the last few days, surging 20% and setting a new local high at $4.92.
UNI is currently fluctuating between the support level of $4.48-$4.57 and a resistance corridor of $4.78-$4.92. If this positive trend continues, echoing Bitcoin's chart movements, Uniswap's token is likely to maintain its ascent.
The next targets for buyers are the psychological level of $5 and the $5.2 mark. In case of a correction, UNI could test the support levels at $4.31 and between $4.10-$4.22 without disrupting the prevailing uptrend.
UNI: Channel Down BreakoutUniswap (UNI) technical analysis:
Trade setup : Bullish breakout from Channel Down pattern could signal that buyers have absorbed all the supply from sellers and price is ready to resume an uptrend. Conservative traders could wait for confirmation: price breaking above 200-day moving average ($5.00). Upside potential to $6.50 next. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the FTX fallout as more traders move to decentralized exchanges and non-custody trading solutions.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $4.00, then $3.65. The Nearest Resistance Zone is $4.75 (previous support), then $6.50.
Brief Analysis——UNIWhen BTC does not give back its gains quickly after rising, Altcoins will experience a pump. Yesterday BTC exceeded 35000, and many DEX tokens experienced pumps. Among these, UNI gained 15% yesterday.
As a DEX emission token, it has been under huge selling pressure for a lot of time. DEX users have obtained a large number of tokens through staking or providing liquidity. When the market is not bullish, tokens are often swapped in exchange for stablecoins. Except for UNI, emission tokens such as CAKE and JOE maintain a decline with fluctuation most of the time.
Uniswap is the pioneer and leader of DEX. But it has also run into some trouble recently. The first is that the front-end platform will charge a 0.15% fee for some specific pair. A total of US$630,000 in fees has been collected so far, and this part of the income has nothing to do with UNI holders, which has hit the holders. On the other hand is the UniV4 feature. Although the new Hook function improves customization, it remains unclear whether it is truly decentralized. These will all affect holders’ enthusiasm for Uni tokens.
Returning to the analysis, we can see that although BTC has experienced an increase of more than 200% in 2023, UNI has maintained a decline with fluctuation. It entered a bearish trend again starting in late August. Although there was a bottom-buying sentiment on the MBF indicator in mid-October, nothing changed in the subsequent movements. The ME indicator still maintains the yellow bearish trend. Judging from the WTA indicator, after the bottom-buying sentiment appeared (in the first green area), the bulls strengthened, and the blue column representing the whale began to appear. After that, UNI began to experience a correction. At this stage, as we mentioned above, Uniswap began to charge service fees, but they were not used to incentivize Uni holders. Whales participated in the trade as the price declined, eager to close long positions. Now it have been pumping again and we are seeing the whales return.
If on a subsequent move the whale decreases again and a destructive candle appears (long red candle or with long upward pin-bar), then the bullish trend may be terminated for the emission token UNI.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Bitcoin decopule with US10Y ? Where to look in bull cycle ?It has been commonly accepted that when yields and rates rise then higher risk assets should fall in value as money is tempted by yield returns
This relationship seems to be getting tested as Bitcoin and US10Y moves up together. It does give impression that bitcoin is not as risky as potentially imagined and can be seen as a flight to safety or "quality" to quote Fink.
If bitcoin continues then it is commonly accepted that it will lead out smaller caps in the cryptosphere
Its important to note that Bitcoin (on average) moves first. Why this is important is because it flies in the face of those who say Bitcoin will give less return then 'X' coin because in the very end X will ultimately move up more in % terms. However, if Bitcoin (on average) leads out the rest then the opportunity to reallocate lays mostly with those holding bitcoin. If you have to wait and watch as the rest of the market booms to see smallcap X coin eventually make its move.. then you have little chance of redistribution and any compounding. Whereas Bitcoin holders can take profit during btc move and redistribute into smallcap X coin pre its own breakout and essentially compound growth in that cycle.
Where after Bitcoin?
I believe that safe bets beyond Bitcoin that will move well post bitcoin runs are the sub sector monopolies within the cryptosphere. Coins that dominate their sector. Clear example is Uniswap's UNI.