UNI
UNI - 4h. Strong Token Prepares for 30% GrowthIn very different ways, altcoins have experienced a massive wave of declines in the crypto market. Some strong projects did not fully meet the expectations of investors and showed a weak rebound in prices after May 19. Today we are going to talk about Uniswap (UNI) . As we can see on the chart, buyers managed to quite aggressively respond to sellers on their downward wave. Of course, like all other coins, the price of UNI fell by 70% , which is considered an average. However, if we look at the UNIUSDT chart today, we see that buyers are very interested in this token. It is also perfectly visible on the daily timeframe:
Please note that for two days the sellers are trying to force their game on the UNIUSDT market. However, buyers are actively buying back every UNI fall and do not allow the price to enter the important liquid range of $ 21-23.
The secret of this coin's success is in its chart paired to BTC. The thing is that UNIBTC is one of the few charts among crypto coins that shows a rise or at least a stop in price:
Globally, UNIBTC buyers were able to keep the price within the black channel. This was a good signal for the return of capital to the UNI market. With this in mind, we would choose this coin for a potential upside trend as a strong one. However, no more than 30% of the price movement. The growth target is the range of $34-36.
P.S. Our global UNI idea:
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BIFI/BUSD& I think the min target for this trade for short term is 1100$ (15% from now) & for long term its above 3k.
Uni 1D Where globally can fallFor more than 4 months we have not made a global idea according to the UNIUSDT schedule
It's time to correct this not justice)
For 3.5 months, the UNIUSD price was moving in channel upward from border to border. And tonight they broke this channel down, of course, that the negative on the cryptomarket helped this.
On the positive side, the UNI price drop occurs without abnormally large volumes.
If this trend continues without volume, then the UNIUSDT price should not fall below $22 . From this level it would be good to see an increase in trading volumes and buyback of a fall, the chart should turn into consolidation with a continuation of the rebound at least to $32.5-36
If the negative on the cryptocurrency market continues , and the trend itself finally turns into a long-term correction, then from below the price of the Uniswap project token will be met by two zones: $13-14 and $9-10
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UNI, Uniswap - we're in uptrend yet. When to buy?Price has tested the support line 4 times in a daily timeframe. Looks strong yet. But entry point only after the breakout with a retest of resistance 44100. It will be nice when the price will start squeezing near to this level. Be careful and keep an eye on the BTC situation
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Moving from weeks to daysYou can see my previous weekly targets. As the excitement is building I'm looking to shorten my targets. I've moved to daily targets. It allows for calculated numbers rather then emotional buying and selling. As we reach a mid market top it could be easy to follow the crowd. Meaning having Dimond hands as everyone cheers you on to HODL. I'll be reducing exposure to UNI.