✴️ Uniswap Long-Term Chart (Market Cycles Explained)
Updated
Starting June 2022 through October 2023 is the consolidation phase... Let me show you the chart without the logarithmic scale, it shows quite clear what I mean.
See what I mean?
It is basically flat after the bull/bear market.
This type of action always precedes a new trend.
The question would be: Which way is it going, down or up?
After the major bull market a strong bear market (long-term correction) followed.
The market moves in cycles.
We have the bull market, one cycle. Then the bear market, another cycle...
Consolidation is kind of a pause... After the bear market we get a bull market as the next cycle.
This works for Cryptocurrencies of course, others assets can be different, we are not concerned with those.
Next question: Does the chart provide clues for the next direction?
Yes it does!
Follow me my friend, boost and comment as we dive deeper into this chart.
➖ Last week UNIUSDT produced the highest volume since May 2021, so buying has been turned on.
➖ This week UNIUSDT is already trading above EMA21 and EMA10, so the potential is now favoring the bulls.
➖ The RSI is about to hit 50 (bullish) with prices being really low, near support.
All these are bullish signals that support a bullish move, a bullish trend.
Thank you for reading...
Thanks a lot for your continued support.
Namaste.
See what I mean?
It is basically flat after the bull/bear market.
This type of action always precedes a new trend.
The question would be: Which way is it going, down or up?
After the major bull market a strong bear market (long-term correction) followed.
The market moves in cycles.
We have the bull market, one cycle. Then the bear market, another cycle...
Consolidation is kind of a pause... After the bear market we get a bull market as the next cycle.
This works for Cryptocurrencies of course, others assets can be different, we are not concerned with those.
Next question: Does the chart provide clues for the next direction?
Yes it does!
Follow me my friend, boost and comment as we dive deeper into this chart.
➖ Last week UNIUSDT produced the highest volume since May 2021, so buying has been turned on.
➖ This week UNIUSDT is already trading above EMA21 and EMA10, so the potential is now favoring the bulls.
➖ The RSI is about to hit 50 (bullish) with prices being really low, near support.
All these are bullish signals that support a bullish move, a bullish trend.
Thank you for reading...
Thanks a lot for your continued support.
Namaste.
Note
On 20-Nov. Uniswap (UNIUSDT) moved above EMA50. Not it is growing above this level.This indicates that the bulls have the upper hand. Plenty of room available for growth.
Note
+154% so far with super high volume. Additional growth possible.
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🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
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