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UNI

UNI Breaks Out Of Multi Week Falling Wedge, Here Are The Levels-UNI is up nearly 18% over the last week -Price just broke out of a falling wedge pattern -The 200MA has been acting as support Uniswap has brought an amazing solution to the crypto ecosystem as decentralization continues to become more & more used. The ability to trustlessly swap tokens with one another has gained a huge amount of traction over the last year as users continue to trust centralized companies less and less. Uniswap currently accounts for nearly 22% of all decentralized exchange volume with a current 24 hour volume of 1.6B. Given this usage, we must expect UNI to continue reviving as long as BTC allows for it. 

Ever since UNI broke the $25 mark earlier this month, price has respected it as support. UNI climbed nearly 120% in less than three weeks & since then it’s been consolidating in between two important levels. Just the past day, UNI managed to break out of this pattern and surge right to its major resistance zone. This resistance zone is found from $29.06-$30.27 & has held UNI down for several weeks now. For a bullish breakout to occur, UNI must break & hold this zone & that will allow it to hit its given targets. 

 Over the past month, UNI has been held up by its 200MA. This can be used as a good gauge as to whether or not UNI is in a bullish state. While looking at the chart, a potential path is given for UNI to follow. This would be a retest of the previous resistance trend. If this occurs & bulls fail to hold above this trend, UNI may be in for a further fall. In the case UNI breaks below its major support of $27.49 along with the 200MA, we should then expect a fall to $25 to occur at minimum.

 While looking at the Stochastic RSI, we can see strength just hit the top value within the overbought region. As long as strength continues above the 80 value, UNI will continue in a bullish push. At any time if strength breaks below, we should expect a pullback to occur. The MACD just crossed above the 0 value for the first time in a week. A pullback to the 0 value is likely as the histogram has started to turn around.

 UNI Intraday Analysis Spot rate: $29.54 Trend: Neutral Volatility: High Support: $29.06 Resistance: $30.27
by CoinGape
UNIUSDTHello to you all. Mars Signals team wishes you high profits at all times. We are in a 4 hour time frame. As you can see, the price can run the twin floor pattern, which increases the price. And if the price can break the resistance line up and stabilize, it can touch our target. But if the price can not break the resistance line and stabilize, we can see more fall. We are waiting and watching the market to get the confirmation of entry. Warning: This is just a suggestion to you and we do not guarantee profits. Wish you luck!
by MarsSignals
UNISWAP - I missed out but I am waiting to buy you NowUniswap is a decentralized exchange built on Ethereum that utilizes an automated market making system rather than a traditional order-book. Instead of matching individual buy and sell orders, users can pool together two assets that are then traded against, with the price determined based on the ratio between the two. I always admit my mistakes, I missed out on Uni the First time. In a few words: UNISWAP V3 is GREAT!!! Check it out here Buying on support is what I like to do and support is near. Take a look at my chart and tell me your opinion. One Love, the FXPROFESSOR
Long
by FX_Professor
5
💡Don't miss the great buy opportunity in UNIUSD @UniswapTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (23.25). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . UNIUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 69. Take Profits: TP1= @ 25.22 TP2= @ 28.72 TP3= @ 31.75 TP4= @ 36.55 TP5= @ 44.83 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 ❤️
Long
by ForecastCity_World
12
💡Don't miss the great buy opportunity in UNIUSD @UniswapTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (23.25). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . UNIUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 69. Take Profits: TP1= @ 25.22 TP2= @ 28.72 TP3= @ 31.75 TP4= @ 36.55 TP5= @ 44.83 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 ❤️
Long
by ForecastCity
4