Uniswap (UNI)UNI/USDT Analysis 📊
UNI is one of the significant assets in the cryptocurrency world, attracting considerable attention from investors due to its high trading volume and dynamic network. This analysis aims to examine UNI's price movement within an ascending channel and highlight potential trading opportunities:
⚖️ Current Status:
Recent Correction:
After hitting the top of the ascending channel, UNI has corrected towards the 0.5 Fibonacci level (between $11.5 and $11.1), which overlaps with the channel's middle line.
This overlap is significant for traders, as it confirms the strength of support and resistance in this range.
Key Supports:
Two grey zones at the bottom of the chart are considered vital support areas:
$5.2 to $6
$3.6 to $4
These zones are recognized as strong support areas due to the multiple reactions of the price in the past. In UNI's trading history, these levels have successfully prevented sharp declines and have created high demand in these ranges. Additionally, the presence of large buyers in these areas shows their credibility.
RSI and Divergences:
The RSI is currently in an ascending channel, but it recently reversed before reaching the top of the RSI channel, forming a negative divergence. In the past, such divergences have often led to temporary corrections or even trend reversals in UNI's price. These behaviors suggest that traders should pay close attention to these signals, as they could play a key role in trading decisions.
This divergence indicates that a temporary price correction may occur or even a signal for a broader trend change.
🔎 Potential Scenarios:
Bullish Scenario:
If the price manages to stabilize above the red resistance zone (weekly resistance):
Fibonacci targets become attainable:
1.618 Fibonacci: $22 to $24
2.272 Fibonacci: $37 to $41
2.618 Fibonacci: $49 to $61
Bearish Scenario:
If the price fails to stabilize above the red resistance zone:
A correction down to the 0.618 Fibonacci level (between $9.4 and $10.3) is likely.
If the Fibonacci levels break down, the price may drop towards the bottom of the ascending channel (between $7.2 and $8).
⚡️ Key Takeaways:
Price stabilization above the red resistance zone is crucial for continuing the upward trend. Factors like increasing trading volume while attempting to break this resistance and positive news regarding UNI or the crypto market could assist in breaking this level. Indicators to watch include the formation of strong bullish candlesticks, significant volume spikes, and positive divergence in technical indicators like RSI.
Pay close attention to the negative RSI divergence, as it may signal a deeper correction.
The grey support zones will act as primary price defenses.
Traders should closely monitor price behavior near the middle line of the channel.
A strong breakout above the red resistance zone with high volume could confirm an entry signal.
🔔 Summary:
In the UNI analysis, the price behavior at the red resistance zone is key. If this resistance is broken, higher targets are expected. However, if the price fails to break this resistance, a correction towards lower Fibonacci levels and even the bottom of the channel is possible. Additionally, the RSI divergence serves as a warning for traders to follow the market's behavior more cautiously.
🔴 Practical Recommendation:
Traders should enter the market with a risk management strategy, and diversifying their capital can be highly beneficial to avoid unexpected risks. Furthermore, stay updated with analysis revisions.
⏰ Stay tuned for further updates and more detailed analysis!
UNI
UNIUSDT | Another Big Opportunity
You can see my latest UNIUSDT analysis here, it's in %60 profit. I told that I will hold till 40$ and I'm still behind it.
Mastery, creates history.
And here is another trade.
Blue box is high probability demand zone.
Price didn't make a new high, it might need some rest.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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TradeCityPro | UNI : Maintaining Bullish Momentum👋 Welcome to TradeCityPro!
In this analysis, I’m going to review the UNI coin. The Uniswap project is a decentralized exchange (DEX) with one of the highest Total Value Locked (TVL) in DeFi. It has a native token named UNI.
📅 Daily Timeframe: Breakout of the Key High Wave Cycle Resistance
On the daily timeframe, after the price first reached the 14.895 resistance level, it was rejected and entered a downtrend, eventually hitting the 5.591 support with a Selloff candle.
📈 Once the price reached this support, the market momentum gradually shifted, and after breaking through the 8.403 resistance, momentum turned fully bullish. Even the key resistance of 14.895 was surpassed, pushing the price to the 18.979 zone.
🔽 After initially reaching the 18.979 resistance, the price showed a corrective candle, retracing back to 14.895 as a pullback. Following this, the price rallied again to 18.979, maintaining its upward momentum.
📊 Throughout this upward movement, the volume has consistently confirmed the trend and shown convergence. Additionally, after breaking 8.403, the RSI oscillator entered the Overbuy zone, indicating the bullish momentum is intact.
🚀 If 18.979 is broken, the major resistance levels to watch are 28.968 and 43.088. While there are additional resistance zones along the way, these two hold greater significance.
📉 Correction Scenario
In the event of a correction, the first significant level is 14.895, which has already acted as a pullback zone once. A deeper correction could see the price revisiting the 8.403 support.
✨ If this level is broken, market momentum will likely turn bearish. In such a case, the 5.591 and 3.857 levels will serve as the final strongholds for UNI.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Analysis and review of UNISAWPHello dear friends
We are at your service by analyzing and reviewing a coin from the DEFI field.
Coin of the decentralized exchange UNISAWP, which is a very, very potential coin.
This coin has expected movements, as you can see, it was suffering for a long time, now that the decentralized exchanges are speaking first, it was able to get out of the suffering and make an upward movement, but this is just the beginning of the story...
After his rise, he made a good pullback and due to the rounding of the trend, he gives us this signal that a big rise is happening.
If you have this currency, we suggest that you keep it.
But if you are looking for a buying opportunity, you can make a buying step here and wait to buy in the specified areas if the market corrects.
Note that this coin has a good future...
#UNI/USDT#UNI
The price is moving in an ascending channel on the 1-day frame and is sticking to it very well and is about to break higher
We have a bounce from the lower limit of the channel at 6.37
We have an ascending trend on the RSI indicator that is about to break, which supports the rise
We have a trend to stabilize above the 100 moving average
Entry price 7.16
First target 8.90
Second target 10.00
Third target 11.62
UNISWAP aims for an all-time highOn the monthly chart we see a very strong green candle, which hints about the further growth of not only UNISWAP but all altcoins in general! I just want to say that this is an undervalued project that has everything ahead of it. I would expect a price in the area of 1.618 Fibonacci levels, which corresponds to about 70$ per coin.
Horban Brothers.
UNI | UNISWAP Are we in DeFi Summer?
The price of Uniswap is $6.4 today with a 24hour trading volume of 158 million dollar. This represents a 5% price increase in the last 24 hours and a 28% price increase in the past 30 days
but what is UNI and what is UNI SWAP?
UNI is the governance token for Uniswap. UNI was introduced on 16th September 2020 through a retrospective airdrop to users who have interacted with the protocol either by swapping tokens or by providing liquidity.the UNI token allows token holders to participate in the governance of the protocol. Key decisions such as usage of the treasury or future upgrades can be decided through a governance vote.
Uniswap is a decentralized exchange that makes it easy for users to swap an ERC20 token for another ERC20 token without the need of a centralized intermediary. With a DEX, traders do not have to deposit their tokens on an exchange and be exposed to the security risks of a centralized exchange.
UNI's relative strength index of 63 shows bullish momentum is gathering steam but not yet overheated. The moving averages are aligned for more gains as well, with UNI trading above its 10day, 50day and 200day simple moving averages. Overall, the technical posture looks strong
next targets are 6.5, 6.7 and "6.9" $
whats your top defi token?
Uniswap (UNI) technical analysisUNI loves making harmonic patterns and triangle moves. After each triangle or harmonic pattern ended, price has started an uptrend wave. It is possible that UNI would make another two or three triangles or harmonic patterns before breaking the long-term down trend line and poses for a major uptrend move. These are all valid if the horizontal support area holds in the future as well.
BTCUSD - Bitcoin casually following path of next year ?Don't put to much credit on this one because even me I'm not believe my eyes
but this is the reason why I'm not taking profit yet
13 november 2024 is 25 October 2023
- Fibs extensions fit super well with this path,
- it's another confirmation for the green path I drew a month ago
- 97K for the next coming 10 days is very likely to me
- 120K for 25 december 2024 looks like a fairy tale and I want to believe
=> more than 10% drawdown for BTC is a partial take profit for me and a redistribution in more risky altcoins
I made a sort of indicator on my own that says if a certain coin will be worth it to buy for this bull run or no. Can already tell you that SOL , FET , STX and UNI are in it. Will show you my picks next month.
See you
not financial advice
Uniswap UNI price "wake up"💰 The city falls asleep - the unicorn CRYPTOCAP:UNI wakes up
Now OKX:UNIUSDT price has "hit" from down the local trend line, so:
if you are a happy holder of the #Uniswap token, just keep your fingers crossed that the price will break through and continue to move towards $13
if you want to buy this asset for your crypto portfolio, with the prospect of taking +70% profit by the end of the year, then first wait until the #UNIUSD price breaks through and consolidates above the red trend line.
_____________________
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Uniswap ($UNI) Jump 5% on Upbit Listing: Major Breakout IncomingUniswap ( BME:UNI ), the native token of the world’s leading decentralized exchange, has recently caught the crypto market’s attention with a notable 5.2% surge following its listing on South Korea's largest cryptocurrency exchange, Upbit. This uptick in price, currently hovering around $8.31, brings fresh bullish sentiment to BME:UNI as it rides the wave of several key developments, including the upcoming launch of its Layer 2 (L2) blockchain, Unichain.
Unichain: Uniswap’s Game-Changing Layer 2 Solution
In the ongoing race to scale Ethereum, Uniswap has made a bold move by developing its own Layer 2 blockchain, Unichain. Set to be built on the Superchain using the OP Stack framework, Unichain is currently in its testing phase, with a mainnet launch expected in Q4 2024. This innovative step aims to address Ethereum's scalability challenges and bring Uniswap to the forefront of blockchain evolution.
Unichain is not just about scaling; it represents a massive upgrade for Uniswap’s ecosystem, particularly by migrating part of its liquidity from Ethereum’s Layer 1 to its own network. This shift will unify liquidity pools and significantly reduce slippage, boosting the overall trading experience. Moreover, Unichain will follow Ethereum’s founder, Vitalik Buterin's vision of offloading transactions to L2 solutions, easing congestion on Ethereum’s mainnet.
As Unichain takes form, BME:UNI is expected to become its native token, driving demand as users rely on it for transaction fees, staking, and governance. This integration could bring more utility to BME:UNI , positioning it for substantial long-term gains.
Uniswap’s Dominance: A Force in Decentralized Finance (DeFi)
Uniswap is already a giant in the decentralized exchange (DEX) space. As of October 2024, it leads the market with $5 billion in Total Value Locked (TVL), eclipsing its closest competitor, PancakeSwap, which holds $1.7 billion. Uniswap processes over $350 million in daily trading volume, supporting more than 2,000 token pairs, and has a staggering 1.2 million active users daily.
Uniswap’s innovation continues to cement its dominance. In February 2024, the platform introduced a revamped staking model for its BME:UNI token, transitioning it into a governance and reward asset. Now, with the upcoming Unichain launch, Uniswap is once again ahead of the curve, poised to redefine how decentralized applications (dApps) scale and interact with Ethereum.
Uniswap's Upbit Listing: A Boost for BME:UNI
The recent listing of BME:UNI on Upbit’s KRW and USDT markets added significant short-term momentum to the token. The South Korean market’s enthusiasm for decentralized finance and Ethereum-based projects played a crucial role in BME:UNI ’s 5% price surge, bringing fresh liquidity and investor interest.
This listing coincides with other positive developments, including Uniswap’s $850,000 grant to OpenZeppelin for the development of the v4 Hooks Contracts Library. This upgrade aims to increase the security of Uniswap’s smart contracts while empowering developers to build advanced features like liquidity management and fee optimization with reduced coding risks.
Technical Analysis
On the technical side, BME:UNI is trading within a rising trend channel, up 3.42% at the time of writing. The token has been stuck in a falling trend for over a year, but the combination of fundamental catalysts is starting to push the price higher. A critical resistance level is forming around $11, and a breakout above this point could signal the start of a more sustained bullish campaign.
The 50-day moving average is beginning to converge with the 200-day moving average, indicating a potential golden cross pattern, which is often seen as a strong bullish signal. If BME:UNI manages to climb above the $11 pivot, the next target could be as high as $14.50, followed by longer-term targets at $20 and even $30. On the downside, immediate support is found around $7.80; a dip to this level could trigger a period of consolidation before another leg upward.
Conclusion
Between Unichain’s development, increased utility for the BME:UNI token, and a strong technical outlook, Uniswap is in a prime position for future growth. The listing on Upbit has provided a fresh boost, and the launch of Unichain could serve as a long-term driver for BME:UNI ’s price appreciation. As always, investors should be mindful of volatility, but for those with a long-term view, Uniswap remains one of the most promising projects in the DeFi space.
With BME:UNI showing signs of breaking out of its long-term downtrend and the ecosystem expanding rapidly, now could be the time to keep a close eye on Uniswap and its native token. As the crypto space evolves, Uniswap is well-positioned to remain a key player, leading the charge in decentralized finance innovation.
UNI almost READY to make a MOVEChart Request on today's show
Recommended to set alert
at 8.574 and 4hr candle
MUST CLOSE above 8.201
Currently in a zone and trying
to break out
🚨- NOT READY - 🚨
Market Cap 4.66B
DEX / DeFi
Not Financial Advise - Entertainment Purpose Only
Always DYOR ( do your own research )
UNI USDTUNI has entered a strong uptrend since August’s sell-off. At the end of September, the token tried to break above the resistance zone (Yellow) at $7.622 - $7.930 but was rejected many times.
Now, UNI successfully broke above this resistance zone (Yellow) at $7.622 - $7.930. A strong volume influx drove the latest attempt, which, therefore, has a good chance of being sustainable. The next target will be the resistance zone (Blue) at $8.590 - $8.753. After a break above this Blue resistance zone, the next targets will be $10.607 and $11.994.
UNIUSD Will it break above the ultimate Resistance cluster?Uniswap (UNIUSD) broke yesterday above its 1D MA200 (orange trend-line) for the first time since July 03 but failed to close above it. The reason is the presence there of another strong Resistance level, the Lower Highs trend-line started on the March 06 High.
Those two form the ultimate Resistance cluster and only a 1D candle close above both can confirm the start of a new long-term rally. Technically the pattern is a Channel Up since late 2022 and a new rally would be its Bullish Leg.
The previous Bullish Leg rose by +337.70% so if we get that closing confirmation, we will turn bullish again, targeting a Higher High at $20.000 (just below the +337.70% mark).
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UNI (Uniswap): Channel Down BreakoutTrade setup : Price is in a Downtrend, however, it had a bullish breakout from Channel Down pattern, above $6.50 resistance, which could signal at least a temporary bullish trend reversal, with upside potential to $8.00. Stop Loss at $5.40. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Learn to trade breakouts in Lesson 7 and Risk Management in Lesson 9. 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.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Strong Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $5.60, then $4.80. Nearest Resistance Zone is $6.50, then $8.00.
UNI (Uniswap): Channel Down BreakoutTrade setup : Price is in a Downtrend, however, it had a bullish breakout from Channel Down pattern, above $6.50 resistance, which could signal at least a temporary bullish trend reversal, with upside potential to $8.00. Stop Loss at $5.40. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Learn to trade breakouts in Lesson 7 and Risk Management in Lesson 9. 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.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Neutral, Medium-term trend is Down and Long-term trend is Strong Down.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $5.60, then $4.80. Nearest Resistance Zone is $6.50, then $8.00.
Aug 21Overview:
There were no surprises in the Fed’s meeting minutes. "Officials were confident about the direction of inflation and are ready to start easing policy if the data continues to cooperate." However, too many traders are interpreting this as “on September 18th, my $stonks go up.” Don’t be one of them.
VANTAGE:SP500 posted another green candle, but momentum is slowing as it approaches its ALH, now just 0.82% away. We might see it by the end of the week, reducing the chances of $ BINANCE:BTCUSDT BTC crashing this weekend.
$63.2k is still a possibility for BINANCE:BTCUSDT BTC as it slowly inches closer, needing only a 4.28% increase over the next 2-3 weeks.
W: Heading to close this week green. No divergences.
D: Finished Wednesday strong, posting a green candle, solidifying the BB MA breakout, and escaping the $60.2k level, which should now turn into support. Expecting to close the week between $60.2k and $63.2k.
4h: No divergences. Range trading.
1h: No divergences. Range trading.
Alts Relative to BTC: No divergence relative to BINANCE:BTCUSDT BTC.
Bull Case: Same as yesterday. We’ve likely passed the bottom (or an intermediate bottom), and with the booming VANTAGE:SP500 , expected rate cuts each month, and more institutional money flowing into risky assets in September, we should continue marching up. IPO stocks, small-cap tech stocks, and crypto are poised to benefit.
Bear Case: Same as yesterday.
Fear and Greed Index: Slowly trending higher, now almost exactly in the middle at 49.59. Untradeable.
Prediction: Close this week green, then grow to $63k next week before a drop.
Opportunities:
BINANCE:UNIUSDT UNI Expected to complete its move to $7.52, offering a 7.87% gain.
BINANCE:ARUSDT AR, BINANCE:APTUSDT APT, BINANCE:TAOUSDT TAO Have shown better price action in the last couple of days and may continue trading higher next week, as BINANCE:BTCUSDT BTC stays within its range. These moves are not indicator-driven, so proceed with extreme caution and tight stop-losses.
Aug 19 and week's overview.Overview:
The weekend passed without significant CRYPTOCAP:BTC price movement, holding the daily level at $58.2k. On Monday, bulls rallied, managing to push the price up to $58.4k, signaling a potentially bullish week ahead. This renewed buying interest could be attributed to the VANTAGE:SP500 closing with a strong +1% gain, reminding traders of the generally positive performance of stocks in August, though caution is warranted as September and October tend to be more turbulent. CRYPTOCAP:BTC has bounced off the $58.2k level roughly five times in the last eight days. This marks the second correction week after BTC’s 30% crash, with a 23% recovery so far, suggesting a possible rally towards the next weekly level of $63k. Trading within this midrange is risky, as the price could move in either direction. Tight stop-losses (1-1.5%) and modest take-profits (3-3.5%) are advisable.
Global Liquidity: Growing, which is bullish.
Open Interest: Declining, but Monday saw increased capital commitment, indicating short-term bullishness.
Last week ended with a small-bodied red candle, which is neutral to bearish. A similar pattern was seen in late May 2021, where a brief 18% rally was followed by a 30% decline.
Weekly: Range trading with no divergence.
Daily: Monday approached the BB MA, and early Tuesday broke above it, trending upward with a potential 3.7% gain. The current candle is still forming, so it's unclear if this is a genuine breakout or a false move.
4h: No significant changes or divergences.
1h: Increasing volume suggests the current upward trend is strengthening, though the RSI is in overbought territory above 70. If the RSI forms a double top near $63.1, it could be a shorting opportunity.
Alts Relative to BTC: While BTC has broken above the BB MA, altcoins have only cautiously approached it. Retail traders seem to have caught on to Grayscale’s announcement of new trusts for NYSE:SUI and GETTEX:TAO , with GETTEX:TAO up 17% in the last four days, as we anticipated in our August 11th analysis.
Bull Case: BTC continues to rally towards $62-63k, completing the recovery from the recent crash.
Bear Case: Swing traders may turn bearish and start selling off.
Fear and Greed Index: Rising, currently at 46.14 since August 16th.
Prediction: BTC is likely to rally to $63k, with altcoins like NYSE:SUI , AMEX:NEAR , AMEX:APT , NYSE:AR , and GETTEX:TAO potentially gaining 7-10%.
Opportunities:
AMEX:NEAR : Approaching its weekly resistance at $4.38, offering a potential 6.45% gain.
UPCOM:FTM : Has reached its weekly resistance at $0.4.
Also, do you remember DeFi? ASX:MKR and BME:UNI , which are trading at pre-BTC ETF demand levels despite their strong fundamentals. They are actually earning hard cold cash, proving a use case for crypto: In July ASX:MKR earned fees: $19.7m, revenue of $7.54m; Aave fees $29.4m, revenue of $4.78m; and Uni collecting $47.7m in fees with no revenue provided.
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