$UNI performing Falling wedge in 1w TF Keep eyes on it breakout done Falling wedge in 1w TF
Trading a falling wedge breakout involves identifying a chart pattern called a falling wedge and executing trades when the price breaks out of this pattern. Here are the steps you can follow:
1. **Identify the Falling Wedge:**
- Look for a downtrend in the price movement.
- Identify converging trendlines where the upper trendline (resistance) slopes down at a steeper angle than the lower trendline (support).
- The pattern resembles a wedge pointing downwards.
2. **Confirm the Falling Wedge:**
- Confirm the pattern using other technical indicators like volume. Ideally, during the formation of a falling wedge, the trading volume should decrease.
3. **Wait for Breakout:**
- Patiently wait for a breakout to occur. Breakout refers to the point where the price moves above the upper trendline of the falling wedge.
- The breakout should ideally be accompanied by a noticeable increase in trading volume, confirming the strength of the breakout.
4. **Entry Point:**
- Enter a long (buy) position as soon as the price breaks above the upper trendline.
- Some traders prefer to wait for a confirmed close above the upper trendline to reduce the risk of false breakouts.
5. **Stop-Loss Placement:**
- Set a stop-loss order below the lower trendline or a recent swing low. This helps limit potential losses in case the breakout fails and the price moves back into the wedge.
6. **Target Price:**
- Determine a target price based on the height of the wedge. Measure the distance from the widest part of the wedge to the starting point of the wedge and project that distance upwards from the breakout point.
7. **Risk Management:**
- Consider your risk tolerance and position size to manage your risk effectively. The risk-reward ratio should be favorable.
8. **Monitoring the Trade:**
- Keep an eye on the trade to ensure that the price continues to move in the expected direction. Use technical analysis and other indicators to guide your decisions.
9. **Profit-Taking:**
- Once the price reaches your target, consider taking profits. You can also use trailing stop-loss orders to lock in profits as the price moves in your favor.
10. **Adapt to Market Conditions:**
- Be adaptable and monitor market conditions. If the breakout does not follow through as expected, be prepared to exit the trade with a manageable loss.
Remember that trading always involves risks, and it's crucial to have a well-thought-out strategy, risk management plan, and the discipline to stick to your plan.
UNI
UNIUSD - Great BreakoutUNI has broken out of a down move
This is evident when plotting an upper trend line
I have shown the two rejections with red thumbs and the breakout with the green one.
The prior ATH is way above here, there may be some bumps along the way but im confident it will head back in that direction, as most bull charts do.
UNI/USDT Assessing Bullish Potential After Resistance Breakout?💎Paradisers, let's focus on #UNIUSDT as it exhibits a notable market shift. Recently breaching a key resistance level, it is now hinting at a strong bullish momentum following a retest.
💎 Observing #Uniswap trend, we've seen it effectively navigate a descending channel, breaking above and initiating an upward trajectory. Currently, after breaking the robust resistance at $7.611, there’s an anticipation that this level will now serve as support post-retest. This could set the stage for a bullish movement aiming to challenge the substantial supply level at $12.015.
💎 However, given the crypto market's inherent unpredictability, it's crucial to be equipped for varying outcomes. If #UNI fails to maintain its new position post-resistance breakout, a strategic pivot may be required.
💎This could involve gearing up for a bullish recovery from the lower Bullish Order Block (OB) at $6.186. Caution is advised, as a decline below this OB level could signal a trend shift towards bearish territory.
UNI ANALYSIS (1D)We seem to be in a big wave B which consists of 3 ABC waves. Wave B of B looks like a diametric, now we are inside the g wave of this diametric. In the red box, the rise of this coin can end and enter the falling wave C.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
UNI - Wyckoff Accumulation SOS/LPS + Volume#UNI
I love to see these #Wyckoff Schematics play out, so profitable if you just add patience to your toolkit.
This is exactly what we want to see, after the breach of the heaviest #resistance on chart, then that coil up resting on top of the now #support followed by that retest with heavy #volume sling shotting PA into infinity.
If you missed the Spring and Adam & Eve at the bottom, and somehow all the signs before this, you still have time, you know what to do...
UNI/USDT upward momentum? 👀 🚀 UNI Today analysis💎Paradisers, UNIUSDT has recently shown a notable market movement. After facing rejection from a supply level, it's poised for a potential bullish shift from its current demand level.
💎UNI has consistently adhered to a descending channel pattern, breaking above it to initiate upward trends. Currently, after being rejected from the supply level at 5.646, UNI is regaining bullish momentum.
💎This resurgence is accompanied by an increase in buying side liquidity, indicating a strong likelihood of a bullish move. In this scenario, the interplay of probabilities and mathematics becomes crucial, offering a clear view of the risk-reward landscape for investors.
💎 There's also a possibility that if UNI fails to maintain its stance at the current demand level and breaks below, it might seek a bullish continuation from a lower demand level at 4.406. Should it breach this level, a significant downward trend could be triggered.
💎 This analysis underscores the importance of monitoring key levels and market trends for strategic trading decisions in the dynamic crypto market.
UNI/USDT Break the pattern. Bullish Momentum for Uniswap ????💎 UNI has certainly made a significant impact on the market's attention. It has managed to break out from a descending channel, marked by a strong green candle, signaling a bullish turn. Currently, UNI is at a critical juncture, facing a resistance area.
💎 If UNI is unable to breach this resistance, it may retreat to a demand area at $4.520 for a retest, as it has not yet undergone a retesting phase since the breakout. Conversely, if UNI can pierce through the resistance area, it may probability progress towards the target supply zone and beyond.
💎 Should UNI not sustain the demand at $4.520 and the level gives way, it would suggest a false breakout and a bearish indicator, potentially leading UNI to descend and probe the next lower demand zone.
🚀 Uniswap Analysis: Unleashing the Potential!Uniswap presents an intriguing yet complex chart. I believe we are in a primary Wave (1), Wave (2) structure (Dark Blue). This has formed a Wave 1, Wave 2, and is now in the process of forming Wave 3, which is simultaneously a Wave C or a sub-wave (v). Following this, we expect Wave 4 and then Wave (v) or the overarching Wave (3).
With this structure, we anticipate a substantial increase, reaching at least the Level (1) target, which should be achieved, especially if considering only a Wave C. Given that Wave ((B)) forms a Flat, a standard Flat implies a 100% correction. Therefore, aiming for around a 70% minimum target post-entry zone makes sense. 📈✨
UNI/USDT Anticipating a Bullish Surge? 👀 🚀UNI Today Analysis💎 Paradisers, get ready for a potentially thrilling opportunity with #UNIUSDT. The asset is currently making a notable move, having successfully retested its descending channel trajectory, setting the stage for a probable robust bullish movement.
💎 #UNISWAP has been consistently adhering to a descending channel pattern. Recently, it experienced a rejection at resistance and is now re-engaging with the channel's resistance. A key point to watch is the resistance level at $6.608. A breakthrough here could significantly increase the likelihood of a strong bullish movement, aiming to surpass the formidable resistance at $9.463.
💎 However, in the unpredictable world of cryptocurrency trading, it’s crucial to consider alternative scenarios. Should UNI falter in maintaining its upward momentum, the next focus could be on a bullish continuation from the support level of $5.734. A break below this level might lead to a substantial downward movement. 🌴💰
Key Demand ZoneUNI has recently interacted with a significant supply zone, a region it has encountered before, leading to a downward pressure on its price.
This engagement has effectively curtailed any upward momentum in the price. However, it's important to note a key demand zone situated at the $5 level, which holds potential to reverse the downward trend and catalyze an upward price movement.
This demand zone is particularly robust in the daily timeframe, suggesting it could be a critical factor in preventing further depreciation in Uniswap’s price.
This analysis is for informational purposes only and should not be considered as financial advice.
Uniswap - Navigating the Accumulation Phase! 🚀Hello Crypto Enthusiasts! 👋
In my view, Uniswap is currently in a prolonged accumulation phase on the larger scale.
The level at $3.37 serves as our support line and a crucial level for the overarching Wave II.
Upon closer inspection, let's focus on two decisive images.
On the second image, we confirm that Wave (2) is validated by an A-B-C ZigZag correction. Subsequently, Wave 1 and 2 have already been formed.
I anticipate that we haven't surpassed Wave 1 yet. Instead, we are likely forming a Wave iv and possibly gearing up for a leading Wave v, which will then shape Wave 3. 📊✨
Goodbye 🫡
DEFI: UniSwap - ALL YOU NEED TO KNOW 🦄Hi Traders, Investors and Speculators of the Charts 📈📉
If you’ve been following me on TradingView for a while, you’ll now that I’m a believer – a believer in the promise of blockchain. One of the principals of this promise is to move away from centrally controlled banking systems. This would eventually include the act of saving and earning interest for the money that you leave in the capable hands of your banker (who also gets to decide whether or not you qualify for loans). Currently, you need to give up all of your personal information to open a bank account and furthermore you are seriously undercut in the returns / interest rate that you will be receiving (to name only two of many problems with the system). For example, where I reside, the most common interest on a savings account is 5% annually, whereas the interest on your credit card is 19.5% annually. And this is, in short, the common argument for Decentralized Finance.
Before we continue, familiarize yourself with these key terms:
TVL – Total Dollar Value Locked in the platform
DEX - A decentralized exchange. DEXs don't allow for exchanges between fiat and crypto — instead, they exclusively trade cryptocurrency tokens for other cryptocurrency tokens.
Blockchain – A unique way of coding that is open for anyone to use, many believe that web3 will be built on top this kind of coding
DeFi – Decentralized Finance such as cryptocurrencies and stablecoins
dApp – Software like apps that work on the basis of blockchain code and thus apps that accommodate cryptocurrency such as UniSwap and NFT Market places
LP tokens - New liquidity pool tokens. LP tokens represent a crypto liquidity provider's share of a pool, and the crypto liquidity provider remains entirely in control of the token. For example, if you contribute $10 USD worth of assets to a Balancer pool that has a total worth of $100, you would receive 10% of that pool's LP tokens.
APY - Annual Percentage Yield, think of it as yearly interest in percentage
Smart Contracts — E lectronic, digital contracts coded to integrate with dApps. Automated financial agreements between two or more parties once the pre-determined terms of the contract is reached
Uniswap is a decentralized cryptocurrency exchange that uses a set of smart contracts (liquidity pools) to execute trades on its exchange. It's an open source project and falls into the category of a DeFi product (Decentralized finance) because it uses smart contracts to facilitate trades. Built on Ethereum, Uniswap is the first and largest DEX in DeFi and one of the many places where you can participate in yield farming. To earn interest in their cryptocurrency holdings, investors contribute their funds to a Uniswap smart contract; these investors are known as liquidity providers. The smart contracts that hold their cryptocurrencies are known as liquidity pools. Liquidity providers are required for Uniswap to function since they provide liquidity for trading on the platform.
With the rise of Blockchain, Crypto and then Decentralized apps, yield farming was born to address some of the banking system's limits. Or at least, that would be in the perfect world.
Yield farming is the process of using DeFi to maximize returns . Users lend or borrow crypto on a DeFi platform and earn cryptocurrency in return for their services. This works for both parties, because yield farmers provide liquidity to various token pairs and you earn rewards in cryptocurrencies. However, yield farming can be a risky practice due to price volatility , rug pulls, smart contract hacks etc.
Yield farming allows investors to earn interest which is called ‘yield’ by putting coins or tokens in a dApp, which is an application (coded software) that integrates with blockchain code. Examples of dApps include crypto wallets, exchanges and many more. Yield farmers generally use decentralized exchanges (DEXs) to lend, borrow or stake coins to earn interest and speculate on price swings. Yield farming across DeFi is facilitated by smart contracts.
Let’s take a closer look at the different types of yield farming on UniSwap:
Liquidity provider: You deposit two coins to a DEX to provide trading liquidity. Exchanges charge a small fee to swap the two tokens which is paid to liquidity providers. This fee can sometimes be paid in new liquidity pool (LP) tokens.
Lending: Coin or token holders can lend crypto to borrowers through a smart contract and earn yield from interest paid on the loan.
Borrowing: Farmers can use one token as collateral and receive a loan of another. Users can then farm yield with the borrowed coins. This way, the farmer keeps their initial holding, which may increase in value over time, while also earning yield on their borrowed coins.
Staking: There are two forms of staking in the world of DeFi. The main form is on proof-of-stake blockchains, where a user is paid interest to pledge their tokens to the network to provide security. The second is to stake LP tokens earned from supplying a DEX with liquidity. This allows users to earn yield twice, as they are paid for supplying liquidity in LP tokens which they can then stake to earn more yield.
Yield farmers who want to increase their yield output can also use more complex tactics. For example, yield farmers can constantly shift their cryptos between multiple loan platforms to optimize their gains.
Back to DeFi - In centralized finance, your money is held by banks and corporations whose main goal is to make money. The financial system is full of third parties who facilitate money movement between parties, with each one charging fees for using their services. The idea behind DeFi was to create a system that cuts out these third parties, their fees and the time spent on all the interaction between them.
Defi is a technology built on top of blockchain - it can be an app or a website for example, which means that is was written in code language by software programmers. It lets users buy and sell virtual assets (like crypto and NFT's) and use financial services as a form of investment or financing without middlemen/banks. This means you can borrow , lend and invest - but without a centralized banking institution. In summary, DeFi is a subcategory within the broader crypto space. DeFi offers many of the services of the mainstream financial world but controlled by the masses instead of a central entity. And instead of your information being filed on paper and stored by a banker, your information is captured digitally and stored in a block with your permission. Many of the initial DeFi applications were built on Ethereum (which is a blockchain technology, but the code is different to Bitcoin's, in other words it operates/works differently). The majority of money in DeFi remains concentrated there.
Lending may have started it all, but DeFi applications now have many use cases, giving participants access to saving, investing, trading, market-making and more. Another example of such a market is PancakeSwap (CAKEUSDT). PancakeSwap is also a decentralized exchange native to BNB Chain (Binance chain). In other words, it shares some similarities with UniSwap in that users can swap their coins for other coins. The only difference is that PancakeSwap focuses on BEP20 tokens – a specific token standard developed by Binance. The BEP20 standard is essentially a checklist of functions new tokens must be able to perform in order to be compatible with the broader Binance ecosystem of dapps, wallets and other services.
💭 Final Thoughts 💭
Is yield farming profitable? Short answer - Yes. However, it depends on how much money and effort you’re willing to put into yield farming. Although certain high-risk strategies promise substantial returns, they generally require a thorough grasp of DeFi platforms, protocols and complicated investment chains to be most effective. Is yield farming risky? Short Answer - Absolutely . There are a number of risks that investors should understand before starting. Scams, hacks and losses due to volatility are not uncommon in the DeFi yield farming space. The first step for anyone wishing to use DeFi is to research the most trusted and tested platforms.
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CryptoCheck
UNI/USDT: A Golden Opportunity for LONG TradeBINANCE:UNIUSDT just strated breakout from its long tested resistance in daily chart.
The price was reject at the resistance last 3 times and this time we see price breaking out from resistance (Breakout yet to be confirmed, it could be fakeout, wait for our confirmation before entering trade)
After this breakout we have an epic opportunity to for LONG trade with target price upto 20 USD.
Entry price: 6-6.2 range (we will update the idea once we enter the trade). wait for our confirmation.
Stoploss: 4.00
TP1: 7.0
TP2: 9.0
TP3: 12.5
TP4: 15
TP5: 19
Stay tuned for trade confirmation and more updates.
Please like and share your thoughts in the comments.
Cheers
GreenCrypto
UNIBTC just getting started!?The market is waking up finally
UNI against USDT has had a strong move recently but its good to keep in mind that this move is just a tiny blip against the BTC pair. I believe UNI will moon v the BTC pair eventually.
This move is nothing in the grand scheme
Uni is still relatively small market cap for its wide spread users and fees generated. This move does only a little to change that undervaluation proposition.
As Crypto Centralised Exchanges come under more pressure there is market share to be won for the Decentralised Exchanges
Before CZ left us he was an avid believer in decentralised exchanges eating market share. This is likely to be true. Currently Uniswap is the clear dominant player and is almost the equivalent to Ethereum's position last time in its space. People are using Uniswap. Fees are being generated. Growth is continuing and will explode in bull market. Uni should see value increase due to the networks value increasing.
Uniswap (UNI) What Could Happen if the Price Consolidate
UNI has been on an upward trajectory. Since November 16, the asset has appreciated by 60%, with a notable increase from $4.85 to $6.30 (+25%) in the past two days.
With Bitcoin's chart showcasing an upward trend, the continued growth of the UNI token remains a likely scenario. In the upcoming days, buyers can try and surpass the annual high and challenge the $6.7 resistance level. However, this requires the asset's price to first consolidate above the $6 mark.
Should a correction occur, UNI might fall to support zones around $5.4-$5.7, $4.6-$5, and $4.31. Placing limit orders for buying the asset might be risky, as Uniswap token, along with other altcoins, could suffer from liquidity shortages in the event of a significant drop in BTC. This situation could lead to the asset's price plunging well below these support levels.
UNI: Resistance BreakoutUniswap (UNI) technical analysis:
Trade setup: Bullish breakout from Channel Down pattern was followed by a break above 200-day moving average ($5.00), which confirmed a bullish trend reversal to an Uptrend. Now the price is retesting that breakout level. Upside potential to $6.50 near-term, and if broken, price could revisit $7.50 thereafter. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions.
Trend: Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $4.75 (previous resistance), then $4.00. The Nearest Resistance Zone is $5.50, which it broke, then $6.50.