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UNI

UNI: Channel Down BreakoutUniswap (UNI) technical analysis: Trade setup : Bullish breakout from Channel Down pattern could signal that buyers have absorbed all the supply from sellers and price is ready to resume an uptrend. Conservative traders could wait for confirmation: price breaking above 200-day moving average ($5.00). Upside potential to $6.50 next. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the FTX fallout as more traders move to decentralized exchanges and non-custody trading solutions. Trend : Uptrend on Short-Term basis and Downtrend on Medium- and 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 $4.00, then $3.65. The Nearest Resistance Zone is $4.75 (previous support), then $6.50.
Long
by altFINS
1
Brief Analysis——UNIWhen BTC does not give back its gains quickly after rising, Altcoins will experience a pump. Yesterday BTC exceeded 35000, and many DEX tokens experienced pumps. Among these, UNI gained 15% yesterday. As a DEX emission token, it has been under huge selling pressure for a lot of time. DEX users have obtained a large number of tokens through staking or providing liquidity. When the market is not bullish, tokens are often swapped in exchange for stablecoins. Except for UNI, emission tokens such as CAKE and JOE maintain a decline with fluctuation most of the time. Uniswap is the pioneer and leader of DEX. But it has also run into some trouble recently. The first is that the front-end platform will charge a 0.15% fee for some specific pair. A total of US$630,000 in fees has been collected so far, and this part of the income has nothing to do with UNI holders, which has hit the holders. On the other hand is the UniV4 feature. Although the new Hook function improves customization, it remains unclear whether it is truly decentralized. These will all affect holders’ enthusiasm for Uni tokens. Returning to the analysis, we can see that although BTC has experienced an increase of more than 200% in 2023, UNI has maintained a decline with fluctuation. It entered a bearish trend again starting in late August. Although there was a bottom-buying sentiment on the MBF indicator in mid-October, nothing changed in the subsequent movements. The ME indicator still maintains the yellow bearish trend. Judging from the WTA indicator, after the bottom-buying sentiment appeared (in the first green area), the bulls strengthened, and the blue column representing the whale began to appear. After that, UNI began to experience a correction. At this stage, as we mentioned above, Uniswap began to charge service fees, but they were not used to incentivize Uni holders. Whales participated in the trade as the price declined, eager to close long positions. Now it have been pumping again and we are seeing the whales return. If on a subsequent move the whale decreases again and a destructive candle appears (long red candle or with long upward pin-bar), then the bullish trend may be terminated for the emission token UNI. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by Sypool
Bitcoin decopule with US10Y ? Where to look in bull cycle ?It has been commonly accepted that when yields and rates rise then higher risk assets should fall in value as money is tempted by yield returns This relationship seems to be getting tested as Bitcoin and US10Y moves up together. It does give impression that bitcoin is not as risky as potentially imagined and can be seen as a flight to safety or "quality" to quote Fink. If bitcoin continues then it is commonly accepted that it will lead out smaller caps in the cryptosphere Its important to note that Bitcoin (on average) moves first. Why this is important is because it flies in the face of those who say Bitcoin will give less return then 'X' coin because in the very end X will ultimately move up more in % terms. However, if Bitcoin (on average) leads out the rest then the opportunity to reallocate lays mostly with those holding bitcoin. If you have to wait and watch as the rest of the market booms to see smallcap X coin eventually make its move.. then you have little chance of redistribution and any compounding. Whereas Bitcoin holders can take profit during btc move and redistribute into smallcap X coin pre its own breakout and essentially compound growth in that cycle. Where after Bitcoin? I believe that safe bets beyond Bitcoin that will move well post bitcoin runs are the sub sector monopolies within the cryptosphere. Coins that dominate their sector. Clear example is Uniswap's UNI.
by SoftQuant
4
Big Technical Alert on Uniswap (UNI)These technical data points can be extremely powerful Its not a holy alert and can change in time too as the current monthly candle has not yet closed. That said the current data offers an interesting bit of potential and very worthy of getting a technical alert on. When price is able to recover and reverse then the follow thru can be fast Failed moves fail fast. This can be seen time and time again. Of course it too isnt holy but is a very powerful bit of technical data to look out for. As price recovers and the trend swings then people seem like they want to rush in and catch the changing tide. Is this happening right now with UNI? I cannot be sure Im still searching for that damn crystal ball. We interested understand that there can be a big move incoming and keeping an eye out for interesting opportunities that offer low risk can be part of the why were interested. Keep an eye on how it develops Could be a different set of circumstances tomorrow.. be like water to the changes in the flow (of data)
Long
by SoftQuant
10
Anticipating Corrections and Support LevelsFollowing the initial resistance encountered around the $6.5 mark and the subsequent breach of the upward trend, UNI exhibited a subsequent unfavorable response during its second attempt at testing the resistance level. This outcome aligns precisely with our previous projection of an adverse response and a substantial corrective phase. As a result, the value of the currency is anticipated to continue declining until it approaches the vicinity of $4. The confluence of price correction and selling pressure within the market contributed to a significant downturn in the currency's value. As of now, there has been no observable optimistic rebound in response to the $4 support level. However, if such a rebound materializes, it may lead to a favorable price fluctuation in the currency. In the immediate term, a trial of the $4.55 resistance level could potentially trigger a negative response, potentially causing the price to descend to the $4 support level. It's noteworthy that UNI's lower support levels are situated around the $3.50 range.
by MonoCoinSignal
9
#UNI/BTC 3D (Binance) Broadening wedge breakout and retestUniswap is pulling back to 50MA support and seems likely to bounce towards 200MA resistance. ⚡️⚡️ #UNI/BTC ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 6.0% Current Price: 0.0002028 Entry Targets: 1) 0.0002002 Take-Profit Targets: 1) 0.0002669 Stop Targets: 1) 0.0001668 Published By: @Zblaba CRYPTOCAP:UNI #UNIBTC #Uniswap #DeFi Risk/Reward= 1:2 Expected Profit= +33.3% Possible Loss= -16.7% Estimated Gaintime= 3 months uniswap.org
Long
by TradingOn
UNIUSDTThe conditions of the BINANCE:UNIUSDT are as follows: Over the past 50 days, we have witnessed an uninterrupted 85% price growth. Most of the resistance lines we assumed for UNI turned out to be weak, and the price easily surpassed them. However, now we are approaching the 0.786 Fibonacci retracement level, which is located at a price of $6.75. In my opinion, this point, or $7, could potentially lead the price back to $6, and then $5.30. At the $6 price point, we have strong support. However, between $5.80 and $5.35, there is a fear value gap(FVG), which could guide the price to those points and cause a price drop. Also, in the 4-hour timeframe, we are witnessing a divergence in the RSI (Relative Strength Index) indicator, which can be an initial signal of a trend reversal. But we need to wait and see how the market reacts to the $6.75 price level. Ultimately, everything depends on the overall market conditions.
Short
by Madoir
From Support to Surge: A Look at #UNIUSDT's Ascending Channel💎 Paradisers, the mid-term price action for #UNIUDT remains optimistic, as we continue to observe a pattern of higher highs and higher lows. What's more, #UNI has recently retested and rejected the vital demand zone near $5.7 for the third time in a row. It's evident that the bulls are holding their ground, and this could lead to a powerful surge shortly. 💎 We must also consider the bounce off the 50% Fibonacci retracement level, intriguingly situated right in the supply/demand area. Furthermore, #UNI continues to trade above the 200 Simple Moving Average on the 4H timeframe, once again displaying its bullish intentions. 💎 In terms of immediate resistance, the peak of the ascending channel could be the first area for profit-taking. However, if the price breaks above the channel with robust buying pressure, we could witness a much more potent trend in the upcoming weeks. 💎 Of course, this bullish outlook would be negated if the bulls fail to defend the demand zone, but as of now, #UNI appears quite bullish. Stay tuned for more updates and happy trading, Ladies and Gentlemen of ParadiseClub!
Long
by MyCryptoParadise
Uniswap UNI price price is accelerating, how long will it last?It seems that in early June, the UNIUSDT price did manage to break out of the prolonged downward trend. Well, we're keeping our fingers crossed that buyers will be able to accelerate the growth even more. Buyers have a "difficult path" ahead of them, as there are strong liquid zones above, where there will be many people willing to sell their UNI, which is lying around in their crypto portfolio and weighing it down with its price drop. The first critical level from above is $7.50. This is where the first "serious struggle" between buyers and sellers will begin. The outcome of the battle will determine which route the UNIUSD price will take next - white or blue. One way or another, the medium-term target, where we believe the price of the Uniswap token will sooner or later reach, is in the range of $12.25-13 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
25
UNIUSDT: Potential Trend Reversal Amidst Breakout and Bounce.💎Recently, #UNIUSDT successfully broke out of the descending channel and surpassed the supply zone, confirming a shift in market dynamics. Subsequently, the price underwent a correction and achieved a clean bounce off the 61.8% Fibonacci support level, indicating a potential shift in the trend from bearish to bullish. 💎Currently, #UNI is positioned within the demand zone, which serves as a crucial starting point for the next upward swing and potentially significant price increase. To assess the potential upside, we turn to the Volume Profile and Fibonacci indicators, which highlight three key resistance levels to monitor. The nearest resistance lies approximately 20% above the demand level, while the final resistance is situated around 35% higher. 💎However, the realization of these gains hinges on the avoidance of a new lower low, specifically, a daily close below the critical support level at $4.74. It is important to note that the market may enter a consolidation phase, characterized by range-trading, lasting for another week or longer. While the probability favors an eventual upside move, Paradise Club Members must remain patient.
Long
by MyCryptoParadise