Double Bottom chart formation in Uniswap Hello Everyone!
This is 1 day chart analysis of the crypto coin uniswap forming double bottom , From my prospective wait for a while not more than a day and hold a long position in it until the the target price has been achieved ! This is really basic chart analysis suitable for the beginners who are learning technical analysis!
#crypto #uniswap #doublebottom #bitcoin
Uniswap
Uniswap ready to test $31If you take a look at the RSI we've been in a bearish downtrend which we just broke through the top of. I do expect us to continue this as we near the top of the wedge in the chart above.
If we are able to break through the top of this wedge we may test $31 then get a retest back too $29.80 with a slight consolidation before getting continuing on this Bull run.
UNI rejected from major resistanceUNI analysis:
UNI get multiple rejection the major resistance of $29.4-$30.5 area. The local support area are $27 and $25.5 and the major support is $23-$23.6 area. There is also a double top formed at $30 resistance area. We may see a retest of lower support zone of $25.5 to get some fuel before going up. Wait for either the retest of support area or a breakout above the resistance area of $30.5 before opening a position.
Uniswap UNIUSD -1000% is near, Elliott wave + Triangle!- UniSwap looks very strong on the daily / weekly timeframe.
- On the chart we can spot an ABCDE triangle, that is currently breaking out!
- Due to my Elliott wave count, i am expecting next Impulse wave to the upside, which will be huge!
- Next profit target is 1:1 FIB trend-based fib extension.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
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💡Don't miss the great buy opportunity in UNIUSD @UniswapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (23.25).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. UNIUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 25.22
TP2= @ 28.72
TP3= @ 31.75
TP4= @ 36.55
TP5= @ 44.83
SL= Break below S2
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💡Don't miss the great buy opportunity in UNIUSD @UniswapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (23.25).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. UNIUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 25.22
TP2= @ 28.72
TP3= @ 31.75
TP4= @ 36.55
TP5= @ 44.83
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Uniswap UNIUSDT - Breaking out! Triangle + Elliott Wave- UniSwap is looking very strong on the daily / weekly timeframe.
- On the chart we can spot a ABCDE triangle, that is currently breaking out!
- Due to my Elliott wave count, i am expecting one more Impulse wave to the upside.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
UNIUSD $100Using this top cap indicator for UNI we can plot potential tops
Congruent with my other analyses suggesting an early 2022 end to the bull market, I think UNI will top out late 2021 to early 2022
At this point price will be around $100, which is provided using this indicator
Price now has triple bottomed on the lower blue band
I find this a great entry point for UNI
I am tempted to enter this once my capital allows it
HEX BreakoutJust days ago I posted an idea on HEX and how we wanted to wait a little while before seeking any longs.
Well now, it may be time to seek longs as it has now checked off 2 major boxes from a bullish standpoint:
1) In the last 24 hours HEX has broken out of our bearish downward sloping trendline and is about 30 minutes from confirming on the daily time frame.
2) It has beautifully found support at the .236 fibonacci level and it appears to be exiting its distribution phase and entering an accumulation phase that would give it the base it needs to begin a markup in price.
These 2 simple yet powerful reasons are enough to open a position for a long with a target to our swing high at $0.171 and a tentative profit taking target at $0.1593.
There is also a lot of support below our .236 fibonacci level so feel free to use stop losses as your own gut tells you to.
Uniswap (UNI) - July 31Hello?
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(UNIUSD 1W Chart)
If the price is maintained above the 8.75010245-12.92996012 range, the uptrend is expected to continue.
(1D chart)
If the price is maintained in the 15.66272533-22.52822224 range, it is expected to turn into an uptrend.
If the price holds above the 22.52822224 point, it is expected to reorient itself in the 29.39371914-32.82646739 segment.
If it falls in the 12.22997708-15.66272533 section, it is possible to enter the mid- to long-term investment area, so careful trading is required.
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(UNIBTC 1W chart)
If the price is maintained above the 35399 Satoshi-41575 Satoshi section, it is expected that the uptrend will continue.
(1D chart)
If the price is maintained in the 47297 Satoshi-58765 Satoshi section, it is expected that the upward trend will continue.
However, it should break out of the downtrend line.
If it falls in the 30094 Satoshi-35828 Satoshi section, it is expected to enter the mid- to long-term investment area, so careful trading is required.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
UNI is going to break this trend line? 😲Uni/Usdt, as well as Bitcoin, are up 18%, the price has now found local resistance at $20, you can also see there is a trend line, which is also resistance at the moment.
If the price starts squeezing towards the trend line and breaks it, it could be a good opportunity to buy, with the targets noted above.
But be careful, because the market is in limbo now, and a break-down of the trend line could be a trap.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Uniswap: No breakout of its triangle yetDespite the latest rally, UNI touched its dynamic resistance only to pull back. UNI is still trading perfectly within its triangle. I'm trying to gather evidence about the hypothesis that this triangle (appearing on other crypto tokens as well) may turn out to be bearish. I'm still undecided because there's so much manipulation going on. Yesterday I was sure we had a clear bullish signal but the long wick and shooting start pattern on the daily is worrisome.
Uniswap/USDT long and short scenarioUniswap is still trading in a descending triangle pattern:if the price breaks upward and there is a confrimation through the volumes,a long position can be set at the retest of the trend line in the 20/20,5$ range area(EMA50 and EMA200 as support),target at the previous resistance and fibonacci retracement level/EMA100.
If the price will get rejected by the top of the descending triangle pattern and close a daily below it,a short position can be set below the 0,5 fibo retracement level,with target the 0,236 fib retr level
Uni is going to break through this resistance zone 🤯After yesterday's rise in bitcoin, all altcoins also rebounded strongly, with Uni rising 20% to a resistance level of $16.88, before declining slightly.
The Uni is now declining near this resistance level, which is a signal for a breakout and continuation of the trend.
If the price breaks this level and tests it as support, it would be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade