UNI is climbing the local uptrend lineHello everyone, let's take a look at the UNI to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 11.32, if the support breaks down, another one is $ 10.59, then we have a support zone from $ 9.60 to $ 8.38.
Now let's move from the resistance line, as you can see the first resistance is $ 12.28, if you can break it the next resistance will be $ 13.82 and $ 12.28.
Looking at the CHOP indicator, we can see that in a 4-hour period, despite the last move, we still have some energy in the near future.
UNI
Uniswap UNI - will people take profit again?Uniswap - will people take profit again?
Last time at current price level 79.29k addresses (27.73%) have been in profit as sell-off occurred.
Today 89.13k addresses (30.65%) are in profit.
Furthermore people might sell since their positions are at break even after days of loss.
What do you think - can UNI change the picture?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*no financial advice
do your own research before investing
Uniswap vs Bitcoin Looks Better (125% to 300% Potential)The UNIBTC chart looks better than the UNIUSDT chart, as a chart setup for trading.
That is because this one is trading closer near support.
We like the pairs near support because if things go south, we have less risk and it is also possible to have higher potential on the way up.
UNIBTC (Uniswap) has been challenging EMA50 for the past ~7 days.
We are seeing a break above this level today.
The MACD and RSI are looking ready and strong.
We have very low risk here...
With high potential reward.
Namaste.
Uniswap Prints Same Bottom Pattern as Waves (250% Potential)I don't know if you remember my WAVESUSDT chart but in it we spotted a "W" bottom pattern just like this one...
WAVESUSDT then went to break its All-Time High and continues growing everyday... (Still growing today!)
Chart:
Now we are looking at Uniswap (UNIUSDT) and its price has already conquered EMA50, EMA21 and EMA10.
What can follow is really strong bullish action, just as we saw with Waves.
Additional details on the chart.
Namaste.
UNI/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
If you press play on the previous chart; you'll see that we went a bit further down from what I thought was the bottom. This is exactly why I say no one can time the top and bottom perfectly. $12 was what I thought to be the bottom as we touched the 0.238 fib however we got another leg down. If this is one of your favorite coin, then the play would be to dollar cost average in. If you were willing to buy at $12 and it went lower to $7.5 then you should add more because this is a 40% discount. I do not recommend doing this to all of the coins you like, but only to your favorite ones; unless you have infinite money. This is not financial advice.
LONG ANC - Anchor ProtocolAnchor Protocol, the popular savings app on Terra_money, is now the 3nd-largest dApp in DeFi.
With $14.5B in TVL, it represents over half of all assets locked on Terra.
Anchor has now surpassed almost all of Ethereum’s ‘blue-chip’ DeFi assets, including the lending protocol Aave, Uniswap, and Compound. As for Terra, it now has a TVL of $27B, making it the No. 3 smart contract network.
Is UNI preparing for a breakout?Hi!
As you see in the chart, UNI is touching its downtrend line. Obv is kinda breaking out of its downtrend line with a nice volume. For now ema100 Daily acts as resistance (uni ema100D =10$).
If btc goes well too, we can see a pump in UNI
Thanks
Dyor and stay chilled AF!
UNI's next move after the triangle pattern breakout?Uniswap token has been continuing its downtrend below the descending trendline since early February.
Despite the bearish trend, the UNI token gained 7.20% of its gain this week.
At the end of February, the nature of the Uniswap token was highly volatile, but the liquidations have been gradually decreasing over the past several days. Amin of low liquidations, the token has gained 22% trading volume in the last 24 hours. Furthermore, the volume to market capitalization ratio is 0.3341.
Today, UNI investors are getting prepared to reach into the red zone of the Ichimoku indicator in terms of the daily price chart. But at the time, bulls are getting rejected from the leading span A (at $8.9-mark). Above the leading span A, the next bullish hurdle will be leading span B.
Stoch RSI has taken support near 20-level and bounce-back. It is seeing bullish signals for the Uniswap token relative to the daily price chart. Furthermore, the Average Directional Index is at 21-point, which suggests a sideways momentum for the UNI token.
The range of the descending triangle pattern is getting narrower day by day, so possibly the Uniswap token is about to give a directional trend signal. Buyers have a great chance to push the price of the token higher.
Support level - $8.0 and $6.5
Resistance level - $10 and $20
SOl/USDT#SOl/USDT has been making a nice descending parallel channel (like bull flag), till today the SOL chart move between the resistance of the parallel channel and the green horizontal supports, as you can see the price of SOL respect the closes every time when touched those lines.
I think SOL can break out (to the up side) of the parallel channel any time from now, so if we break then we can easily reach those prices: 117$ - 134$ - 150 to 170$
Uniswap Price Analysis — February 28UNI has traded in an overall bullish pattern over the past four days but continues to stall around the psychological $10.00 mark as the broader market regains upward mobility.
The cryptocurrency rebounded sharply a few hours after the Russian invasion announcement by Putin last week, which saw the entire crypto market shed hundreds of billions of dollars within a short period. Unlike most other coins, UNI did not stay subdued long following Thursday’s sell-off and had rallied by over 30% ever since.
That said, a clean break above the $10.00 mark over the coming hours should help UNI attack the critical $11.00 resistance, where my descending trendline resides. With a rich macroeconomic data docket for the week, I expect to see some fiery price action in UNI this week.
Meanwhile, my resistance levels are $11.00, $12.00, and $13.00, and my support levels are $9.00, $8.00, and $7.00.
Total Market Capitalization: $1.79 trillion
Uniswap Market Capitalization: $6.88 billion
Uniswap Dominance: 0.38%
Market Rank: #22
💡Don't miss the great buy opportunity in UNIUSD @UniswapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (9.46).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. UNIUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 54.
Take Profits:
TP1= @ 10.15
TP2= @ 10.68
TP3= @ 11.44
TP4= @ 12.00
TP5= @ 12.61
SL= Break below S2
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💡Don't miss the great buy opportunity in UNIUSD @UniswapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (9.46).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. UNIUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 53.
Take Profits:
TP1= @ 10.15
TP2= @ 10.68
TP3= @ 11.44
TP4= @ 12.00
TP5= @ 12.61
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 / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
$CAKE is in Phase B of the Wyckoff Distribution Pattern | MoonYou can learn about this method on Google to know it in detail
My chart says it all, right now this is the best entry point for $CAKE
$CAKE is a defi platform whose homepage is pancakeswap.finance
The benefit of owning $CAKE is that you can deposit it in stake to earn profits until $CAKE reaches ATH
Profit up to 5% / 1 month. Pancakeswap is the largest DEX on Binance Smart Chain, you can rest assured about it