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Uniswap

#Uniswap Rises 180%, UNI may expand to retest $14Past Performance of Uniswap Uniswap is currently up 180 percent from 2022 lows, inching higher as the crypto tide shifts to favor buyers. UNI is within a bullish breakout formation, adding 10 percent in the past 24 hours to confirm gains posted on July 27. From the daily chart, the odds of UNI further expanding and breaking higher above July 2022 highs remain high. #Uniswap Technical Analysis From the daily chart, UNI prices have strong support at the middle BB, bouncing from the dynamic support level and closing on retesting July 2022 highs. The primary resistance is around $9.7; buyers could clear this level, rising to April highs at about $14. Considering this possibility, traders may find entries to buy the dips with primary support at $8 with targets at $14 in the medium term. Any shift in momentum, forcing prices below this week's low and the 20-day moving average, may see UNI dump to $6. What to Expect from #UNI? Traders are confident, and UNI holders expect more gains in the days ahead. The rejection of bear pressure and the explosion of prices on August 10, following through on July 27, is massive for Uniswap. Based on the current setup, UNI could have more headroom in the subsequent session following steep, crashing losses in H1 2022. Resistance level to watch out for: $9.7 Support level to watch out for: $8 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
UNISWAP - Let's Take a Good Look 🔍REPORT: Uniswap facilitates the trading of tokens on the Ethereum network along with its scaling solutions such as Optimism, Arbitrum, and Polygon. The protocol is recognized as a pioneer among decentralized exchanges (DEXs), first for its popularization of the X*Y=K constant product pricing curve of pooled liquidity in V2 — and subsequently for its concentrated liquidity and staggered trading fee features in V3. The constant product pricing curve has since been implemented across many other DEXs in the industry. The concentrated liquidity model and fee tiers continue to remain relatively unique across DEX applications. Q2 was heavily impacted by fears of market contagion. First, the LUNA ecosystem crashed when the UST stablecoin depegged. A few weeks later, concerns around price mismatching between ETH and its staked equivalent, stETH, began to abound. Funds with large exposure to both bets, particularly Three Arrows Capital (3AC), faced heavy losses. When the crypto community realized the risk of insolvency among funds and affiliated centralized lenders, investment sentiment turned negative, driving down the market capitalization of cryptocurrencies from over $2 trillion at the start of the quarter to $870 billion by the end of Q2. Although the larger cryptocurrency market capitalization decreased more than 50%, Uniswap trading volumes were only down 8.7% compared to the previous quarter. This relative success is partly due to volatility being beneficial for DEXs: they represent foundational infrastructure to the crypto economy, and users require their services when prices are volatile. Another important factor is the activity of arbitrage bots in the system. When users flush out of the market, bots can represent up to 75% of all trading volume, which is a healthy sign. DEXs have matured in the last two years to the point where activity is driven by price efficiency instead of pure retail speculation. Supplied liquidity on the DEX held up better than the overall market capitalization as well. Liquidity fell 37.1% in Q2, arguably “outperforming” crypto asset prices. This benchmarking is important since liquidity on the DEX is heavily impacted by the price of the underlying tokens. Even benchmarked against ETH, liquidity still held up well in Q2. ETH fell almost 70% during the same time period. Part of the impact of liquidity holding up can be attributed to stablecoins on the exchange, but overall, continued yield-generating opportunities highlights the resiliency of blue-chip DEXs like Uniswap as a vital service for a functioning DeFi ecosystem Lower trading volume correlates with lower fees. Fees across all networks were 21.9% lower compared to the previous quarter. However, Optimism had a great quarter. Liquidity provider (LP) fees grew 146.9% from $1.4 million to $3.5 million over the last 90 days. A big boost came from the much-awaited release of Optimism’s OP governance token. Other rollups should take note of the effects of the airdrop: certainly in the short term, attention shifted towards the L2, and transaction activity on the rollup saw a large uptick. Meanwhile, the largest decline of fees generated occurred in Arbitrum, the other Uniswap L2 scaling solution. Fees fell 35.9% in the quarter down to $3.6 million. The end result is a much closer comparison between Arbitrum and Optimism. Whereas fees earned on Arbitrum were four times as much as on Optimism in Q1, the $0.1 million difference between the two in Q2 was negligible, highlighting once again how impactful the OP airdrop was in the L2 scaling wars. Whether Arbitrum launches a token — and how that impacts trading on Uniswap — remains to be seen. A gloomier macroeconomic environment, geopolitical uncertainty, and institutional liquidation all contributed to one of the worst quarters in the industry’s history. However, Uniswap’s continued facilitation of billions of trading activity proves the decentralized exchange model is here to stay. Now armed with an investment team and NFT marketplace aggregator, Uniswap is strongly positioned to further root itself as a pillar of the crypto economy. also: Unpacking Uniswap’s ‘Fee Switch’ A governance vote could give UNI token holders a slice of the exchange’s transaction fees. So what’s stopping them? I tend to prefer AAVE in this section of the crypto space...but that;s just an opinion. One Love, The FXPROFESSOR
COINBASE:UNIUSD
by FX_Professor
3
August 5 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to blockchain analytics firm Chainalysis, there have been 13 separate bridge hacks this year, the most recent being the $190 million Nomad Bridge exploit. Bitcoin is down 1.52% over the last 24 hours and fell to an intraday low of $22,400.00. The relative strength index (RSI) is slightly above the midpoint, indicating that bulls still have a slight edge. The BTC/USDT pair has been trading around the 20-day exponential moving average (EMA) ($22,592) for the last few days, suggesting this is a vital indicator for both bulls and bears. If the bulls are unable to hold the price above the 20-day EMA ($22,592), the bears will attempt to pull the pair below the 50-day simple moving average (MA) ($21,352). Conversely, if the price bounces from the 20-day EMA ($22,592), the bull will attempt to push the price above $24,000. Today’s Cryptocurrency Headline Uniswap DAO Proposes to Create Uniswap Foundation A proposal was submitted today in the Uniswap governance forum for the creation of Uniswap Foundation, a new entity that is completely independent of Uniswap Labs, which has the mission to support decentralized growth and sustainability of the Uniswap Protocol and its supporting ecosystem and community. The foundation will be led by former Uniswap Labs Chief of Staff Devin Walsh and Grants Program Lead Ken Ng, with Devin Walsh serving as executive director and Ken Ng serving as head of operations. It requested a total budget of $74 million, with $60 million for the Uniswap grant program and $14 million in the operating budget to build out a full team of 12 over the next two years. The foundation is also requesting 2.5 million UNI to participate in governance. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
ETH Merge, HODL for some free coins?Ethereum's long-awaited merge is just around the corner, possibly the week of September 19th according to recent news. Hopefully the 21st of September for the Earth Wind and Fire memes. (da da ut da...and now it's stuck in my head) Shifting from Proof of Work to Proof of Stake will alter how the network nodes establish consensus. The new consensus layer of ETH will allow far less energy to be used to run all kinds of network applications. Generally, this will be a welcome upgrade since pretty much everything runs on top of ETH these days. However, there is a possibility of the current miners hard forking the network to remain semi-relevant much like ETH Classic. If such a hard fork were to occur, There is the possibility that current addresses will be credited in the hard fork with new tokens on the new forked chain due to the import of ETH block history. This might happen rapidly or not at all and is a long shot as the ETH community is generally cohesive. However, due to a large amount of built-up capital in the form of mining hardware, a faction taking this path rather than switching resources to mining other coins would not be unheard of as Bitcoin cash and Ethereum classic can attest. if handled improperly in a centralized way such as unclaimed tokens being centralized sometime after the fork, the forkers would also have full access to forked versions of NFTs and tokens. There could be some chaos in that respect for years to come due to confusion and the "I copy pasted your NFT" memes would reach a whole new level. One could suspect those with few scruples might be enticed by the possibility of forked bored apes alone not to mention the hundreds of other projects in the ecosystem. One could also suspect the ETH community will fight back against any fork if one occurs to prevent confusion and protection of value. Thus prepare the popcorn as things might get weird. To make this play all one would need to do is hold ETH in an address during the time of the merge to Proof of Stake. Preferably a self-custodied address off an exchange such as a Ledger/Trezor or a Meta Mask. otherwise, the exchange would get the coins on the new chain credited to their hot or cold wallet instead of you, and then you'd be at their mercy on getting any of the new tokens if at all. Then throw the new coin in an LP on Uniswap/your favorite DEX ASAP if one occurs and finally sell the stake in the coin in the future or keep it for use on the new chain. If this scenario does transpire expect major volatility in the new token soon after due to illiquidity of exchange and the possibility of transactions only on Dexes such as Uniswap for the first few months to even years. Thus a good play would be to not expect anything while holding ETH in an address through the merge. All the best, See You on The Moon.
BITSTAMP:ETHUSDLong
by GreatScottTheMoon
4
UNI up 83% after bull signal - Now 30% correction incoming?UNI pumped 83% after the bullish Supertrend Ninja - Clean signal (green vertical line on the background). Finding resistance from the grey block. In a possible bearish/correction scenario UNI might possibly drop 30% to 5.50 USD, completing wave 5 of the Elliot Wave (blue dotted lines). UNI is still in the Bullish Zone of the Ichimoku Cloud. The RSI is at 61, but I expect it to fall back into the range (40 to 60). RSI Brown is at 55. If we take a look at the Average Directional Index ( ADX DI), its starting to be bearish, as the green line is pointing downwards. Currently UNI is above its middle Bollinger Band, Band Basis 20 Period SMA. While it is below the LSMA . Remember to always take profits and use proper risk management! Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns. What Indicators Do I Like To Use: I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for possible downtrends.
by Kch28
UNI IDEANot really following UNI but after a quick look, I think price action is really interesting. At the moment retracing - not sure how much, will it find a support around 8 area or is it going to bounce on the trend line? No clue. But if the whole market keeps pumping I think is possible that it goes up to 10.5 or even 12. Keep an eye, losing the support of the trend line is not a good sign. Let me know your thoughts :) Don't join before you do your own research. This is a rough idea, NOT a financial advice.
COINBASE:UNIUSD
by Blue_Rat_
UPDATE: UNI UP 83% after bullish signal - Ready for more 🚀UNI pumped 83% after the bullish Supertrend Ninja - Clean signal (green vertical line on the background). UNI broke out of the bullish Zone of the Ichimoku Cloud , which is bullish . The RSI is in the bullish zone at 69. If we take a look at the Average Directional Index ( ADX DI) its bullish . The +DI (Green Line) is above the -DI (Red Line). Although the green line is pointing downwards. The Trend Strength is still strong. Since the ADX (Orange Line) is above its 9 Period EMA (Black Line). Currently UNI is also above its Bollinger Bands Upper Band, Band Basis 20 Period SMA . A retrace within the Bollinger Band and the ADX pointing downwards, means a retrace is more likely. Note: UNI also hit the resistance (grey block). Waiting patiently on a bullish Supertrend Ninja signal served me well. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns. What Indicators Do I Use: In the chart I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for downtrends.
by Kch28
UNIUSDT 3D A unicorn appears on the Uniswap chartToday, let's take a look at the UNIUSDT trading pair on the 3-day time frame. In general, the classic scheme, as for most altcoins - the price has been in a falling channel for more than a year. But on the UNIUSD chart we see some cunningly hidden power of buyers, it seems to us that something interesting is being prepared around Uniswap. Maybe some strong fundamental news is on the way?) Share, please, in the comments, because we don't follow such. In general, the following route looks realistic for the coming month: - correction in the area of ​​6 dollars (retest level that did not let up for a long time) - fixing UNI price in the upper part of the global descending channel. - rapid growth in the region of $12-13, and this is modest x2) _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
37
UNIUSDT Chart AnalysisWell how to start !! Everything is in green from the past few days so as UNI, it's in nice uptrend heading towards the resistance which is at around 6% above from here ( Resistance at $8.146). Currently it's in middle of the river, so what to do now? IMO as $BTC is testing it's breakout zone, I see no reason to be bearish for short term atleast it doesn't mean that I'm suggesting you to go long here, you can trade UNI if you want but make sure you ready to take big risk cause may be the local support zone at $7.3 may hold but don't trade based on the expectations. Let the market to tell us what we need to do. So what's next? My suggestion is to let it come to one of our zones, may be retracement towards $7.31 price zone, I'll update if I observe high interest there, with respect that you can plan your trade. What if it headed towards straight away towards resistance well then we can observe again and based on the appearing interest at that time let's decide whether we have to be on long side or short side. See guys no need to rush planning is everything. Disclaimer : Anything provided here are only my opinions and ideas. I am not giving any financial advices, trade at your risk.
Long
by Livermore_Jr
1