📈UNI Market Analysis: Key Levels and Trading Strategies🎲🔍Let’s dive into today’s analysis. The market is currently resting in an uptrend, and the coin we will analyze today is one of the most reputable projects in the DeFi space—Uniswap (UNI). As a decentralized exchange, Uniswap is among the oldest and best platforms, trusted by many whales and widely accepted in the crypto community.
⏰In the 4-hour time frame, Uniswap has been trading within a large range box for over a month with very low volatility. It has recently been rejected from the top of this range and may move towards the bottom. Given the prolonged sideways movement and lack of momentum in the market, indicators and oscillators like RSI or SMA, which rely on momentum, are not reliable at this time. Therefore, we will rely solely on price action and volume to identify potential scenarios.
🧩The upper boundary of the range is at 8.226, and the lower boundary is at 6.768. We need to wait and see which level the price breaks. If the price breaks above 8.226, the market will turn bullish on the 4-hour time frame, with a target of 10.521. For short positions, you can enter if the price breaks below 6.768. It’s important to note that the price rebounding from 0.382 and moving to break 6.768 is not significant because the price has formed a new structure, and there is no momentum to push it further down. Thus, Fibonacci retracement is not applicable here.
🔫However, this does not mean we should not open positions at all, as breaking this strong and significant support could trigger another bearish move. The target for this move would be 5.671. It’s crucial to observe the volume when the box is broken. If the price breaks above the box, the buying volume should increase, and if it breaks below, the selling volume should increase.
📝In summary, Uniswap (UNI) is in a prolonged range with key levels at 8.226 and 6.768. A breakout above 8.226 could lead to a bullish move targeting 10.521, while a breakdown below 6.768 could initiate a bearish move towards 5.671. Monitoring volume is essential to confirm the direction of the breakout. Proper risk management and attention to these key levels will be vital in navigating potential trades.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
UNI
Take CAUTION with these ALTS : ALGO, LTC, XRP, HBARIt's time to review which altcoins showed sign s of strength during the recent new Bitcoin All Time High (ATH) ... and which showed no strength.
Together with the failed breakout we observe on Algorand, THESE altcoins didn't fare much better. There are a few more, but let's focus on these alts for today:
What we're comparing this chart to, is the obvious increase we have seen on BTC (new ATH) and the following increases across other altcoin markets:
During the previous cycles; we often saw the altcoin market rally a week or two AFTER a new BTC peak.
From this, we can determine that most of the bigger altcoins (by market cap) should have rallied by now. In conclusion; we need to re-evaluate the fundamental arguments for these alts - why were they not able to show signs of strength like other alts? Why were the sellers so overwhelming compared to other alts?
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Uniswap Mobile Application Went Live with Blast IntegrationUniswap ( BME:UNI ) app goes live on Android with Blast integration for faster, cheaper swaps and multilingual, multi-currency support.
The Uniswap ( BME:UNI ) mobile application has finally gone live for the public, which will see the integration of Blast, a Layer-2 scaling solution for Ethereum. It permits swaps to be carried out directly within the app, making the process more seamless and improving the user experience on the decentralized exchange (DEX).
Uniswap’s Improved UX with Blast
The Blast protocol integrated into Uniswap ( BME:UNI ) provides significant advancements in transaction speed and lowered gas fees. Blast tackles Ethereum mainnet’s scalability challenges, allowing Uniswap ( BME:UNI ) users to benefit from quicker and cheaper transactions. This synergy becomes extremely important when the network is having a lot of congestion, and so the speed of transactions slows down and the fees go high.
The mobile app now accepts native yield for cryptocurrencies such as Ethereum (ETH) and $USDB stablecoin. Presently, instead of active participation in other DeFi protocols, users can get an interest from these holdings directly via the application. Because of this feature, investing becomes less complicated, and the overall utility of the app increases.
Swap Functionality and Liquidity Provision
Liquidity pools for Uniswap v2 and v3 are available within the Uniswap mobile app. Native yields can be earned by liquidity providers in v2 pools if one of the two tokens in the pool is either $USDB or wrapped ETH (wETH). This is like holding these tokens in a Blast wallet. But since concentrated liquidity is relatively complex, v3 pools on Blast do not have native yield yet.
The use of limit orders that are automatically triggered upon reaching certain price conditions is allowed on the app. This tool is a must-have for traders who want to maximize their trading strategies without constantly monitoring market moves.
Global Accessibility and Multilingual Support
The mobile app’s multilingual and multicurrency support illustrates Uniswap’s global accessibility. Customers are free to surf and transact in over seven languages, such as English, Spanish, Japanese, Portuguese, French, traditional Chinese, and simplified Chinese. Multilingual support is available to cater to a huge number of users from different cultural backgrounds, making the website accessible to a wider audience, i.e. global.
No Price Consolidation Has OccurredThe price of UNI has recently broken through the lower boundary of the orange box during a correction phase. This breach has caused the price to close below this level. If stronger bearish patterns form in this area, the price may decrease further to the lower support zone. On the other hand, price consolidation has not yet occurred on the weekly timeframe. If the price begins to rise and consolidates above the orange resistance box, an uptrend in price is expected to resume.
UNI sent BACK TO PRISON 🦄⚔📉Hi Traders, Investors and Speculators of Charts📈
UNI has dropped hard after a decent increase, taking the price back to accumulation level lows.
Losing ALL THREE moving averages in the daily is bearish for the short term :
This however presents an excellent opportunity for traders to re-accumulate at low prices before the next bullish impulse wave begins.
According to Eliot Wave Theory; as long as wave 2-3 does not retrace beyond wave 0-1 the cycle can still be considered bullish. Meaning, IF we drop any lower than the current point, we'll no longer be able to consider the price as bullish.
The WHITE lower trendline may be an indication of a buy zone:
I'm labeling this post as "long", not because I am taking a leveraged long but because the price is re-entering the accumulation zone/ buy zone (SPOT).
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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Uniswap's Rollercoaster: Next Stop, New Highs?Similar to other cryptocurrencies, Uniswap presents a scenario where we're concluding Wave 3 and now developing Wave 4. This Wave 4 is expected to retrace between 38% and 50%. We're setting our stop-loss below the level of the subordinate Wave ((iv)), to accommodate the possibility of this level being revisited without being stopped out. The upward trajectory remains unclear, as we await the completion of Wave 4. However, like with others, we anticipate surpassing the level of Wave 3, aiming for a maximum of $25.28 with Uniswap
Uniswap CEO Stands Firm Amid SEC ScrutinyThe legal showdown between Uniswap ( CRYPTOCAP:UNI ) and the Securities and Exchange Commission (SEC) has sent ripples through the crypto community, reigniting the debate on tokens versus securities. CEO Hayden Adams, however, remains resolute, expressing confidence in emerging victorious from the legal tussle.
The crux of the Uniswap vs SEC lawsuit revolves around three pivotal issues, as outlined by Adams in a recent interview. Firstly, the SEC questions whether Uniswap's interfaces classify it as a broker. Adams draws parallels to other platforms like Coinbase, emphasizing similarities in interface design and highlighting a recent court ruling in favor of Coinbase. He remains optimistic that Uniswap ( CRYPTOCAP:UNI ) will similarly triumph in this aspect of the case.
Secondly, the SEC has raised concerns about the classification of UNI tokens as securities. Adams underscores Uniswap's adherence to regulatory guidelines and transparency in operations, particularly highlighting the free distribution of UNI tokens to the community. He firmly asserts that UNI tokens do not meet the criteria for securities, expressing confidence in Uniswap's compliance with existing regulations.
The third issue centers around whether the Uniswap protocol operates as an unregistered securities exchange. Adams clarifies that Uniswap Labs does not control the protocol, which functions autonomously on the blockchain. He emphasizes that publishing open-source code to a decentralized blockchain does not equate to operating an exchange.
Beyond the immediate legal implications for Uniswap ( CRYPTOCAP:UNI ), Adams highlights the broader ramifications for the crypto industry. He draws parallels to the early days of the internet, where attempts to stifle e-commerce were prevalent. Adams underscores the transformative potential of blockchain technology and advocates for a more nuanced regulatory approach.
Moreover, Adams calls for continued advocacy for the benefits of decentralized finance (DeFi) and constructive engagement with regulators. He points to recent regulatory actions towards crypto projects, citing the challenges faced by projects like Kraken engaged in legal battles with the SEC.
As the Uniswap vs SEC saga unfolds, all eyes remain on the outcome of this high-stakes legal battle and its potential implications for the broader crypto market.
Alikze »» UNI | Pullback to broken structureIn the daily and weekly time, a motivational wave has taken place after the break of the dynamic trigger, which has been extended to the area of the weekly supply of this wave after the pullback.
🔰 Currently, after the failure of the area, there is a correction that this correction form can be in the green box area, after completing it, it can retest the supply area, which in case of failure can continue until the next area of the supply area.
🔰 If the green box is broken, this correction can continue up to 0.50 fibo of the previous wave, which can touch it if the next area continues.
Therefore, according to the correction structure, this form can continue up to the green box area after an upward correction.
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Uniswap Faces Regulatory Heat: Whales Dump $20 Mln Worth of UNI Uniswap, the decentralized exchange platform, is facing a tumultuous period as its native cryptocurrency, CRYPTOCAP:UNI , experienced a sharp decline of 15% following news of a Wells Notice from the U.S. SEC. This development has triggered massive liquidations, with whales offloading millions of dollars worth of CRYPTOCAP:UNI tokens.
Uniswap Price Plunge:
Within hours of receiving the SEC notice, Uniswap's price plummeted by 15%, leading to significant market turmoil. Daily trading volumes surged by over 300%, indicating heightened market activity and investor concern.
Whales in Action:
Top holders swiftly reacted to the news by liquidating their UNI holdings, with whales dumping over 2 million CRYPTOCAP:UNI tokens, totaling $20 million. This mass sell-off further exacerbated UNI's price decline, with significant transfers and sales reported across various wallets.
Founder's Response:
Uniswap founder Hayden Adams expressed frustration over the SEC's actions, emphasizing the potential impact on consumer interests and the broader industry. He anticipates a prolonged legal battle with the regulator, emphasizing the need to defend Uniswap and the decentralized finance sector.
Future Implications:
The ongoing conflict between Uniswap and the SEC holds significant implications for the future of decentralized finance and financial technology. With the outcome likely to shape regulatory frameworks and industry practices, stakeholders are bracing for a protracted legal struggle.
Technical Outlook
Uniswap token ( CRYPTOCAP:UNI ) is trading below the 200-day Moving Average (MA) with a weak Relative Strength Index (RSI) of 23 indicating an oversold territory. Bears have taken control of the market prior to the SEC's probe on Uniswap.
Conclusion:
As Uniswap navigates regulatory challenges and market volatility, the platform's resilience and ability to withstand regulatory scrutiny will be put to the test. The fallout from this episode could redefine the landscape of decentralized exchanges and set precedents for regulatory oversight in the burgeoning cryptocurrency space.
📈UNI Spot Buying Entry Analysis🛒🔍Today, let's analyze UniSwap (UNI) focusing on the daily timeframe for spot trading, aiming to identify optimal entry points for buying.
📈After a sharp upward movement towards resistance at $15.402, UNI initiated a correction, extending to the 0.5 Fibonacci level, where price reacted twice.
✨A closer examination reveals a descending triangle formation approaching its apex. Upon breaking the triangle's support line, a short position opportunity may arise. However, caution is warranted as breaking the support enters the golden Fibonacci ratio zone, likely prompting significant reactions.
🛒For spot buying, patience is key, waiting for the trend to break and confirm above $12.964, which would serve as a consolidation trigger for a logical spot purchase.
🐢For those seeking more certainty, waiting for price confirmation above $15.402 before entering a buy position is advisable.
A concern arises from declining volume, indicating diminishing interest in UNI. Healthy volume is crucial for sustained price movement, whether upward or downward.
✅As for targets, considering the area around $22.718 could be prudent. Upon reaching this level, decisions regarding profit-taking or holding can be made based on price reaction.
📝Overall, UNI presents potential entry opportunities for spot buying, contingent upon price confirmations and volume considerations. Vigilance and strategic decision-making are essential in navigating UNI's current chart dynamics.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
UNI/USDT - Uniswap: Trend Reversal◳◱ On the $UNI/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 12.758 | 14.116 | 16.637 and support near 10.237 | 9.074 | 6.553. Entering trades at 11.517 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Uniswap
▣ Rank: 23
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Financial - Decentralized Exchanges
▣ Overview: Uniswap 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.
◰◲ Technical Metrics :
▣ Mrkt Price: 11.517 ₮
▣ 24HVol: 15,682,647.271 ₮
▣ 24H Chng: 2.183%
▣ 7-Days Chng: -7.20%
▣ 1-Month Chng: -18.85%
▣ 3-Months Chng: 91.69%
◲◰ Pivot Points - Levels :
◥ Resistance: 12.758 | 14.116 | 16.637
◢ Support: 10.237 | 9.074 | 6.553
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -3.46
▣ Last 90D: 2.39
▣ Last 1-Y: 1.03
▣ Last 3-Y: 0.21
◲◰ Volatility :
▣ Last 30D: 0.85
▣ Last 90D: 1.35
▣ Last 1-Y: 0.91
▣ Last 3-Y: 1.08
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.59 - Bullish
▣ Reddit sentiment score is 0.77 - V. Bullish
▣ In-depth UNIUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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#UNI/USDT#UNI
We have a bearish channel on a 4-hour frame, the price moves within it and adheres to its borders well at this price.
We have a fundamental support area at $10
We have a higher stability moving average of 100
We have a downtrend on the RSI that is about to break higher
Entry price is 11.16
The first goal is 11.96
Second goal 14.16
Third goal 16.00
UNI looks bullishUNI looks to be inside the bullish wave C. The degree of this wave is big and it is expected that this wave will continue for months.
The SWAP range is the right place for buy/long positions.
The targets are clear on the chart. Note that these targets are medium term.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
UNI/USDT descending channel assessing key resistance? 🚀UNISWAP 💎 Paradisers, pay attention as #UNIUSDT showcases an intriguing move. Following a descending channel, it's recently broken above and is now testing a critical resistance at $12.763. A successful breach of this resistance could significantly boost its chances for a bullish journey past this barrier.
💎 Amid market volatility, if $uniswap struggles to surpass the R1 resistance, we'll consider adjusting our approach. We're eyeing a bullish bounce from a lower support at $11.317, a level where the price has previously found footing.
💎 A drop below this key support level might signal a transition to a more pronounced bearish phase, accompanied by heightened selling activity. Maintaining alertness and flexibility is essential as we monitor the #UNI market's shifts.
#UNI/USDT#UNI
The pair has recently witnessed noticeable price movement
After falling for a long time
The price recently touched the downtrend, from which a price correction is expected
Current price 4.57
First goal 6.85
Second goal 9.78
Please note that the price is on its way to the targets and may be exposed to ups and downs at intervals that are expected to take time to reach the targets.
Cryptolean Uniswap UNI Update
Uniswap is trying to reverse from the key daily support level at $11.25.
A bullish reversal from $11.25 will result in a move to $12.63 and, possibly, higher to $14.28-$15.45.
A bearish break-out of $11.25 will push #UNI price lower towards $8.68.
Intraday Chart
The UNIUSDT 4-Hour chart is bearish and teasing $11.97.
A bearish breakout of $11.97 or a bearish rejection of $13.11 will push Uniswap price towards the key intraday support zone at $9.63-$10.60 and, possibly, lower towards $7.33, to close the gap formed on February, 23.
A bullish break-out of $13.11 will push price to re-test $15.24, however the price action may be slow and choppy.
Support once read!
Thank you
Is UNI's next target $26?Hello everyone!
I suggest paying attention to the #UNI token on the UNISWAP DEX.
On the chart, it is clear that after the last bullish market, a correction has started, forming a 3-wave Elliott correction structure.
Currently, according to the plan, we are in the first impulsive wave of growth. The asset has already successfully held above strong Fibonacci levels and even reached the target level of 0.618, from which the correction began.
You can consider entering a position from the current price values or place buy orders from the 0.5 Fibonacci level.
Target - $25.91
The final profit is over 100%. It depends on where you open the position from.
This is not financial advice, everything you do is at your own risk!
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UNI/USDT Break Alert!! Indicating Continue upward Movement!💎 UNI has recently encountered significant market dynamics. Currently, UNI has successfully broken out the supply area.
💎 There may be a retesting phase at the demand area, which was previously the supply area, before continuing its upward movement and reaching our target area.
💎 During the retesting phase, it is crucial for UNI to bounce from the demand area if it intends to sustain its upward movement. However, if UNI fails to maintain the demand area, there is a possibility of a breakdown below the support area, leading to a return to lower price levels.
💎 At the support area, it is imperative for UNI to bounce and reclaim the area above the resistance for continued upward movement. Failure to do so could signal a bearish trend for UNI, potentially leading to further downward movement in price.