UNI Price Trends and Potential Support/Resistance LevelsUNI has experienced significant growth and its price has reached the $6 range. However, based on the Relative Strength Index (RSI), there is currently a downward trend in the price. It is worth noting that the price is still above the 100 and 50 Exponential Moving Averages (EMA), indicating a relatively strong position.
If UNI manages to surpass the $6 range with strong momentum, it has the potential to climb towards the $7 resistance level. On the other hand, the support area around $5.6, which coincides with the 0.5 Fibonacci retracement level, holds crucial importance. If this support level is breached, it could lead to a decline towards the $5 support level. Additionally, it is worth considering the trend line as another potential support level.
UNI
Uniswap outperforming today Uniswap is exhibiting exceptional performance today, showcasing a bullish breakout and setting its sights on reaching the 6.5 level. The probability of achieving this milestone significantly increases if we manage to surpass the critical threshold at 6.22. However, if we fail to maintain stability around the 6.0 mark, it would be wise to anticipate a support retest at the 5.7 level. NFA
UNI Uniswap Double Bottom on a Falling WedgeIf you haven`t sold UNI when Apple blocked Uniswap Labs’ mobile crypto wallet:
Then you should know that UNI (Uniswap) has recently formed a double bottom pattern within a falling wedge, indicating a potential bullish reversal in the near term. The double bottom pattern is characterized by two distinct lows at approximately the same level, followed by a potential breakout to the upside. When combined with the falling wedge, this pattern suggests a convergence of support levels and diminishing selling pressure.
Considering the formation of the double bottom on the falling wedge, UNI could be poised for a potential price target of $5.70. This target represents the projected upside that could be achieved if the pattern unfolds as expected.
Looking forward to read your opinion about it!
TRADE OF THE DAY | UNI is looking like a 11% drop after reliefTRADE OF THE DAY | UNI is looking like a 11% drop after relief
UNI is shaping up for a heavy drop after a pretty decent relief rally looking like people heading to DEX's in fear of the SEC attack on CEX's. Although it does not look like it will sustain and the drop will be quite hard. A big bearish divergence along with the trendline break on the RVI are big triggers here.
UNI’s Downward Trend and Potential Bullish ReversalDue to ongoing sales pressure in the market, UNI experienced a downward trend and reached the support level of $3.62. This support level coincides with the 0.5 Fibonacci level on the monthly time frame, indicating a strong demand area. Additionally, there is a potential formation of a double bottom pattern on the monthly chart.
If more than 50% of last week's bearish candlestick is recovered and a strong bullish candlestick forms this week, it suggests the possibility of changing the trend to a bullish state. Currently, the price is back within the descending channel, but with the emergence of demand, it could potentially rise towards the first target, the midline. However, breaking the resistance at $5 is crucial to escape the descending channel. Such a rapid turnaround may influence the trend for a period of time.
UNI CAN DROP MOREHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the UNI symbol.
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 22% upside incoming ?!! 💎 #Uni has shattered its long-standing support level and the lower limit of a triangle formation, indicating a likely extension of the bearish trend 📉
However, there's a crucial element to take into account. The price discovered support on the descending trend line, coupled with a bullish divergence on the MACD indicator, hinting at a possible rebound 🔼
We're looking at two potential scenarios:
1️⃣ A consistent drop following the breach of the last low
2️⃣ A pullback to the trend line prior to recommencing the downward trajectory
Remember, ParadiseFamilyVIPs, in the ever-evolving crypto landscape, staying informed and adaptable is key. Stay tuned for more updates and happy trading!
Downtrend Alert: UNIUSDT Falls Below Key Support Level💎 Yesterday, #UNIUSDT experienced a significant break below a long-term support level, which also coincided with the bottom of a triangle formation. This break signals a continuation of the long-term downtrend, although there are several important factors to consider.
💎 After the triangle break, the price found support at the downtrend trendline, accompanied by a bullish divergence on the MACD indicator. These factors suggest the possibility of either a strong or a small pullback to the upside. However, it's important to note that the break below the triangle formation is a bearish signal, indicating that the downtrend is likely to continue.
💎 Currently, we outline two potential scenarios for the downtrend's development. The first scenario is a break below the recent low, followed by a consistent drop in price. The second scenario involves a pullback, potentially reaching the downtrend trendline, before the downtrend resumes.
💎 To change the overall trend, #UNI would need to break above the long-term resistance level. Only then would we consider a strong bullish case.
💎 Our ParadiseClub members can rely on us to monitor these developments closely and provide timely updates on any significant changes.
UNIUSDT.1WHello dear friends,
*Mars Signals Team wishes you high profits*
This is a time frame analysis for UNI USDT.1W
We are in weekly time frame. As you can see, the price fluctuates close to the static support zone and several times the price has been able to move the price upwards in this range, currently we are seeing doji candles and the market is suffering, we expect it to be able to once again After hitting the weekly support zone, it can be supported and start moving towards our daily resistance line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Take care
Price Declines and Formation of PatternsThe price exhibited negative reactions when encountering resistance within the $6.50 range, resulting in a sharp decline that broke the lower boundary of its triangle pattern. Over the given time frame, the currency's price has been confined within a range channel. This downward trend persisted, leading the price to reach the support range of $4.68 to $4.90. Notably, the previously identified support level of $5.20 to $5.50 has transformed into a formidable resistance level, prompting a strong negative response. Consequently, a new range channel has emerged, characterized by a lower range compared to the previous one.
Furthermore, there is a possibility of a double bottom pattern forming at a significant support level, although confirmation of this pattern would require a breakout above the $5.60 resistance. Simultaneously, an observation of a descending channel on the 4-hour chart implies that a breakthrough of the channel's upper boundary could signify a potential shift in trend, leading to price growth.
In terms of technical indicators, the Relative Strength Index (RSI) currently stands at 46. The RSI is a tool used to assess the strength and momentum of a price trend. With the RSI at 46, it indicates a moderately balanced market, where buying and selling pressures are relatively equal. This reading suggests that the price has experienced some downward movement but is not yet considered oversold. As a result, traders and analysts may interpret this RSI level as a neutral signal, implying a potential continuation of the current trend without any extreme buying or selling signals.
#Uniswap in a Bear Flag, UNI May Lose $5Past Performance of Uniswap
Uniswap is within a broader, multi-month consolidation. Following recent losses, UNI remains under pressure but continues to trend above the all-important support of around $5. Clear from the daily chart, the trend is shaped by the Bull Run from June to August 2022. However, since buyers are unconfirmed, this has given way for sellers to take charge.
#Uniswap Technical Analysis
UNI has support at around HKEX:5 , flashing with March 2023 lows. The local resistance is at $5.7. The immediate trend is bearish, and the recent recovery resulted in a bear flag in a trend shaped by the slip from April 19. Traders can look to ride the trend, shorting on every recovery below $5.7, expecting more losses below last week's lows at HKEX:5 towards $4.7. This forecast will be null once UNI expands above $5.7, preferably with growing volumes.
What to Expect from #UNI?
UNI is down 30% from 2023 highs and remains within a broader consolidation. Critical support is at $5. If this level is lost, the token may drop to June 2022 lows in the long term in a bear trend continuation formation.
Resistance level to watch out for: $5.7
Support level to watch out for: HKEX:5
Disclaimer: Opinions expressed are not investment advice. Do your research.
UNI | Time to break the consolidation phase#UNI/USDT
- The price has been consolidating for a few weeks. We have higher swing lows in the daily chart.
🟢Entry price: from now at 6.26 to 5.27
🎯Targets:
|> 7.87
|> 9.83
|> 12
|> 13
🔴Stop-loss: Daily candle closes under 4.7
for risk takers I recommend to place stop-loss order at 0.28
➡️Recommended risk: 0.25%
➡️Recommended total Positions Size: 1.47 %
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UNIUSD bullish again ? YES!UNIUSD looks bullish again
The price retested downsloping trendline which was the resistance in the past. Now it should be acting as a support.
It looks like the price is on the higher low trajectory and we can see some kind of inverted head and shoulders patter.
Targets are shown on the chart.
If the price comes back below the downsloping trendline, it would be invalidation of this bullish thesis.
Good luck
UNIAfter Shanghai fork there will be much more liquidity because of massive unstake process. Staked ETH will watered down the market and DEXes. And now Uniswap is legally forkable. Maybe we will see some snapshot and airdrop for UNI holders. Something is cooking and I am feeling eat so much. I am a simple man and just want to make some money for my family.