That support is hidden 2 possible scenarios BTC bounced back up from the bottom of that support that many though was already lost, but on my view it was not.
There some news helping it out, just like those Elon Musk twits. But keep in mind that those moves can be temporary,
we need a steady move to the upside to reach the top of the triangle again, specially because we still have a low volume on the market.
On the other hand Alts felt even more, and I bought even more for now, but I am definitely exiting if BTC breaks that support.
UNI
$UNI/USDT 12h (Binance Futures) Ascending wedge on supportUniswap is up-trending and looks ready to push higher in the coming weeks.
Let's see if it can hold wedge support and break out of the descending channel!
Current Price= 30.8817
Buy Entry= 30.5026 - 29.5126
Take Profit= 33.8286 | 39.1273 | 46.0397
Stop Loss= 27.4518
Risk/Reward= 1:1.5 | 1:3.57 | 1:6.27
Expected Profit= +25.46% | +60.78% | +106.86%
Possible Loss= -17.04%
Fib. Retracement= 1| 1.764 | 2.618
Margin Leverage= 2x
Estimated Gain-time= 1 month
UNISWAP-USDT
Greetings,
UNI instrument is the first by capitalization among defi, and eighth today in the overall cryptocurrency top, ahead of LINK and Litecoin.
Strong uptrend and no signs of reversal, most importantly the product is actively used, so we can assume that the growth will continue.
On the daily chart, the price has several times tested the area of 33-34$, the price is not going further, but there are no strong pullbacks as well. On the chart, an upward triangle was formed with the compression of the minimums. There is a probability of the test support at 28-28.5 dollars in the case that it will not resist the next zone of interest of the buyer in the area of pro-trade at 20-21.5 dollars.
I plan to trade this tool only if the price breaks through a zone of 35$ on good volume, in this case, the potential of the transaction is 80% (the base of the triangle).
The second option in the case of a correction, look for an entry point at $28-28.5 on the rebound from horizontal support and the bottom of the triangle.
Always use a stop loss, and do not use a leverage greater than x3. A trader must always have tomorrow. If this information is useful to you, please like and subscribe, so as not to miss anything.
1,1 is the bottom of the bull channelBTC is still under accumulation, some people see the ascending triangle as a bearish sign, and technically it is.
The think is that BTC have a strong support under 50k, and with that money printing a rise is inevitable.
My guess is (not financial advise), BTC could be testing the top of the triangle before a major correction, and on the meanwhile alts will have their pump.
ADA and LINK are my favorite alts at the moment, followed by UNI, DOT and SUSHI.
That ADA bull channel have being working great so far, and as long as ADA don´t break it I am still bullish.
UNI.USDT (Y21.P2.E1).Really symmetrical curveHi Traders,
I haven't seen any formation this symmetrical curve and to me it just states predictability on the breakout.
Question is, is it just a cup or cup and handle.
To enter is the hard part, either you keep watching for the breakout or the pullback if there is one.
All the best,
S.SAri
BTC is extremely volatile, which could turn very bullish BTC just made a false break of the triangle and is now testing the support around 55k, it could easily go to my buy box around 53k to pump up again,
if it fall to 53k and then breaks the triangle we could reach 69k on the break.
if we break from 55k in the next hours or days we could reach 67k on the break.
In case we break under that support line that we have being following since the beginning of the bull run, we could have a red monthly candle coming for us.
LINK being LINK, the father of DEFILINK is my main Alt investment right now for one simple reason, DEFI exists because LINK exists.
Even though I also love Cardano and Ethereum, LINK will always be the game changer.
But talking about the graph right now, Link has being accumulating for quite some time now and is looking very strong and steady,
a similar movement happened a couple weeks ago, and I believe we are repeating all the way up to the top of the channel.
UniSwap V3 coming soon! This is huge! 2-3x gains coming!Here's a quick look at UNI 1 day chart. As we can see, the price action has been parabolic for the past few months due to the bull market. There's big news coming up for UniSwap which is that they are launching UniSwap version 3! That will take the price very high! Possibly 2-3x gains here. Remember; The Alt season is near!!!
The idea is: Buy the breakout from the level shown in the chart. Take profits at the level shown in the chart.
Targets:
1. 38.5$
2. 44.5$
Follow me for daily trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. BTC needs to get stable before alts can run. Trade safe!
UNI/USDT Chart 18/03UNI may retest the previous high around 33.4 as it looks like MAs 13 and 34 are likely to cross in 16-24 hours and the 99 MA has been a strong support in the past few days.
We found support at 28.52 and bounced back up, then retested the resistance in the 31 area which did not offer too much chances to break out.
However, if it manages to go past this area and find good momentum, we might see UNI aim to previous highs.
If, on the other hand, it fails to do so and breaks down the support at 28.52 then we could be caught in a downtrend and retest the support in the 25 area.
UNI - $40 TargetA quick view of UNI. in the immediate term - Trying to break up into channel above. I think I saw something similar in Link.
$40 target seems reasonable by end of March. Stretch target of $45
Note these charts take me about 60 seconds to build so they are not always 100% inline with support / resistance but I'd argue they are 99% accurate and do a good enough job to identify key trends :)
Best, Hard Forky
DOT is simple, it just follows the channel There is some correlation between DOT and ADA that I still can`t explain, but every time one pumps the other waits the pull back to pump,
so since ADA touched a good resistance, DOT should follow and pump as well, and it goes like that all the time.
Just stock some DOT and ADA and be happy, have a good one guys.