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Uniswap

Uniswap $UNI Potential for Further UpsideFollowing a strong impulsive move, MIL:UNI has broken above a key resistance level on the medium timeframe. After a successful retest, the price now appears poised for continuation, with potential targets in the $10-12+ levels. Breakout and Retest : The breakout from previous resistance, followed by a solid retest, signals a bullish structure, indicating a possible push to higher levels. Upside Potential : With momentum on its side, UNI could aim for the next major target around the $10 and above levels, where additional resistance might be encountered. Trading Insight : A continuation pattern appears likely, but monitoring volume and maintaining stops just below the recent breakout level can help manage risk in case of unexpected pullbacks.
by hazaq
Uniswap UNI price "wake up"💰 The city falls asleep - the unicorn CRYPTOCAP:UNI wakes up Now OKX:UNIUSDT price has "hit" from down the local trend line, so: if you are a happy holder of the #Uniswap token, just keep your fingers crossed that the price will break through and continue to move towards $13 if you want to buy this asset for your crypto portfolio, with the prospect of taking +70% profit by the end of the year, then first wait until the #UNIUSD price breaks through and consolidates above the red trend line. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
UNI | UNISWAP Are we in DeFi Summer? The price of Uniswap is $6.4 today with a 24hour trading volume of 158 million dollar. This represents a 5% price increase in the last 24 hours and a 28% price increase in the past 30 days but what is UNI and what is UNI SWAP? UNI is the governance token for Uniswap. UNI was introduced on 16th September 2020 through a retrospective airdrop to users who have interacted with the protocol either by swapping tokens or by providing liquidity.the UNI token allows token holders to participate in the governance of the protocol. Key decisions such as usage of the treasury or future upgrades can be decided through a governance vote. Uniswap is a decentralized exchange that makes it easy for users to swap an ERC20 token for another ERC20 token without the need of a centralized intermediary. With a DEX, traders do not have to deposit their tokens on an exchange and be exposed to the security risks of a centralized exchange. UNI's relative strength index of 63 shows bullish momentum is gathering steam but not yet overheated. The moving averages are aligned for more gains as well, with UNI trading above its 10day, 50day and 200day simple moving averages. Overall, the technical posture looks strong next targets are 6.5, 6.7 and "6.9" $ whats your top defi token?
Long
by moonypto
2
Uniswap ($UNI) Jump 5% on Upbit Listing: Major Breakout IncomingUniswap ( BME:UNI ), the native token of the world’s leading decentralized exchange, has recently caught the crypto market’s attention with a notable 5.2% surge following its listing on South Korea's largest cryptocurrency exchange, Upbit. This uptick in price, currently hovering around $8.31, brings fresh bullish sentiment to BME:UNI as it rides the wave of several key developments, including the upcoming launch of its Layer 2 (L2) blockchain, Unichain. Unichain: Uniswap’s Game-Changing Layer 2 Solution In the ongoing race to scale Ethereum, Uniswap has made a bold move by developing its own Layer 2 blockchain, Unichain. Set to be built on the Superchain using the OP Stack framework, Unichain is currently in its testing phase, with a mainnet launch expected in Q4 2024. This innovative step aims to address Ethereum's scalability challenges and bring Uniswap to the forefront of blockchain evolution. Unichain is not just about scaling; it represents a massive upgrade for Uniswap’s ecosystem, particularly by migrating part of its liquidity from Ethereum’s Layer 1 to its own network. This shift will unify liquidity pools and significantly reduce slippage, boosting the overall trading experience. Moreover, Unichain will follow Ethereum’s founder, Vitalik Buterin's vision of offloading transactions to L2 solutions, easing congestion on Ethereum’s mainnet. As Unichain takes form, BME:UNI is expected to become its native token, driving demand as users rely on it for transaction fees, staking, and governance. This integration could bring more utility to BME:UNI , positioning it for substantial long-term gains. Uniswap’s Dominance: A Force in Decentralized Finance (DeFi) Uniswap is already a giant in the decentralized exchange (DEX) space. As of October 2024, it leads the market with $5 billion in Total Value Locked (TVL), eclipsing its closest competitor, PancakeSwap, which holds $1.7 billion. Uniswap processes over $350 million in daily trading volume, supporting more than 2,000 token pairs, and has a staggering 1.2 million active users daily. Uniswap’s innovation continues to cement its dominance. In February 2024, the platform introduced a revamped staking model for its BME:UNI token, transitioning it into a governance and reward asset. Now, with the upcoming Unichain launch, Uniswap is once again ahead of the curve, poised to redefine how decentralized applications (dApps) scale and interact with Ethereum. Uniswap's Upbit Listing: A Boost for BME:UNI The recent listing of BME:UNI on Upbit’s KRW and USDT markets added significant short-term momentum to the token. The South Korean market’s enthusiasm for decentralized finance and Ethereum-based projects played a crucial role in BME:UNI ’s 5% price surge, bringing fresh liquidity and investor interest. This listing coincides with other positive developments, including Uniswap’s $850,000 grant to OpenZeppelin for the development of the v4 Hooks Contracts Library. This upgrade aims to increase the security of Uniswap’s smart contracts while empowering developers to build advanced features like liquidity management and fee optimization with reduced coding risks. Technical Analysis On the technical side, BME:UNI is trading within a rising trend channel, up 3.42% at the time of writing. The token has been stuck in a falling trend for over a year, but the combination of fundamental catalysts is starting to push the price higher. A critical resistance level is forming around $11, and a breakout above this point could signal the start of a more sustained bullish campaign. The 50-day moving average is beginning to converge with the 200-day moving average, indicating a potential golden cross pattern, which is often seen as a strong bullish signal. If BME:UNI manages to climb above the $11 pivot, the next target could be as high as $14.50, followed by longer-term targets at $20 and even $30. On the downside, immediate support is found around $7.80; a dip to this level could trigger a period of consolidation before another leg upward. Conclusion Between Unichain’s development, increased utility for the BME:UNI token, and a strong technical outlook, Uniswap is in a prime position for future growth. The listing on Upbit has provided a fresh boost, and the launch of Unichain could serve as a long-term driver for BME:UNI ’s price appreciation. As always, investors should be mindful of volatility, but for those with a long-term view, Uniswap remains one of the most promising projects in the DeFi space. With BME:UNI showing signs of breaking out of its long-term downtrend and the ecosystem expanding rapidly, now could be the time to keep a close eye on Uniswap and its native token. As the crypto space evolves, Uniswap is well-positioned to remain a key player, leading the charge in decentralized finance innovation.
COINBASE:UNIUSDLong
by DEXWireNews
2
Is Uni(swap/chain/stake/lend/yield) going to rip faces off?!?Uniswap is already one of if not the leading application within defi. That is just as a dex. I believe that dexs have the most flexibility when it comes to crypto as it has the holy trinity of high users, volume and liquidity. Helpful for financial market application. If Unichain is a successful launch then Uni could become the centralising app within decentralised finance. This would be great for crypto and defi as provides deep liquidity and ease of use. Not to say theres no competition. This is an emerging field and who knows wholl be the yahoo or big blue let alone the google. Have to keep up to date the changing metrics but at this stage uni is still looking a leader.
Long
by SoftQuant
UNIUSD Will it break above the ultimate Resistance cluster?Uniswap (UNIUSD) broke yesterday above its 1D MA200 (orange trend-line) for the first time since July 03 but failed to close above it. The reason is the presence there of another strong Resistance level, the Lower Highs trend-line started on the March 06 High. Those two form the ultimate Resistance cluster and only a 1D candle close above both can confirm the start of a new long-term rally. Technically the pattern is a Channel Up since late 2022 and a new rally would be its Bullish Leg. The previous Bullish Leg rose by +337.70% so if we get that closing confirmation, we will turn bullish again, targeting a Higher High at $20.000 (just below the +337.70% mark). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:UNIUSDLong
by TradingShot
1
UNI Futures Analysis: Key Triggers Amid Bullish Momentum✨ Welcome to Today's Uniswap (UNI) Futures Analysis In this analysis, I’ll be examining the UNI token, highlighting potential entry and exit points for futures trading based on both daily and 4-hour timeframes. 🥸 About Uniswap (UNI) Before diving into the charts, here's a quick overview of Uniswap. As one of the largest decentralized exchanges (DEX) in the DeFi ecosystem, Uniswap operates on Ethereum and its layer-2 solutions, facilitating asset swaps and enabling users to earn through liquidity provision. The platform's native token is UNI, which I'll be analyzing today. 📅 Daily Timeframe Analysis On the daily chart, UNI hit a peak of $15.398 before beginning a downtrend, culminating in two major bearish waves that brought the price down to $5.59 support. Throughout this decline, volume steadily decreased, with a notable high-volume selloff candle at $5.59 signaling the start of a corrective phase. The price then climbed to the $7.667 resistance, where it was rejected once but is currently making another attempt to break through. 📊 Concerns Around Decreasing Volume A key issue during this phase is the declining volume on both buying and selling sides, suggesting a lack of active participation from both bulls and bears. This may indicate that large investors or "whales" are temporarily pulling funds from UNI, reducing its attractiveness for spot buying. 🔽 Stop-Loss Strategy for Existing Holders For current holders looking to manage risk, I recommend setting a stop-loss if the price falls below the $5.59 support level. A close below this zone could lead to further declines toward $4.816 and $3.868. Personally, I would trigger my stop-loss on a confirmed candle close below $5.59. 📈 Futures Trading Triggers For futures trading, a breakout above $7.667 could be a good long entry trigger, with targets at $8.668 and potentially as high as $11.983. If the RSI moves into overbought territory and holds, we might see a strong price surge as market excitement builds. 📉 Short Position Triggers On the short side, a break below $6.369 is a valid trigger, as this level has been tested twice before. A third touch and break could offer a solid opportunity for momentum traders. Another short trigger lies at $5.59, and if the price settles below this level, a sharp drop may follow. ⏳ 4-Hour Timeframe Analysis In the 4-hour timeframe, UNI has been trading within a range of $5.59 to $7.829. Trading within this box requires careful risk management, as the price could move unexpectedly before a position is activated. 📈 Long and Short Triggers on the 4-Hour Chart For long positions, a break above $7.387 within this range is a suitable trigger, targeting the top of the box. On the short side, a break below $6.511 would be a valid trigger, aiming for the bottom of the range. 📝 Bullish Momentum Prevails Currently, bullish momentum is stronger than bearish, as reflected in Bitcoin’s price action. As long as Bitcoin maintains its upward trend, I prefer focusing on long positions over short ones in UNI futures. ❌ Disclaimer This analysis represents my personal opinions and is not intended as financial advice. Please conduct your own research before making any trading decisions.
Long
by DreamAnalysis
Fable Of The Dragon: A Pioneering Blend of Blockchain InnovationIntroduction: In the rapidly evolving world of cryptocurrencies, unique projects often stand out due to their innovative nature and commitment to societal impact. One such project is "Fable Of The Dragon," which not only leverages blockchain technology for security and transparency but also aims to contribute significantly to anti-aging research and community building. This initiative reflects a thoughtful integration of technology with philanthropic goals, driven by the $TYRANT token. Soulbound Tokens (SBTs) "Fable Of The Dragon" is distinguished by its use of Soulbound Tokens (SBTs). These digital tokens are a novel concept in the blockchain space, representing non-transferable assets that signify an individual's achievements, interests, and identity. Unlike traditional tokens, SBTs cannot be traded, making them a personal and permanent fixture in a user's digital portfolio. This attribute enhances the security of digital identities and provides a new layer of interaction within the blockchain community. The project's ecosystem also includes an engaging digital marketplace where these unique tokens can be showcased and celebrated. This platform not only fosters a sense of community among participants but also allows them to contribute to charitable causes effectively. The Gaming Experience: An integral part of "Fable Of The Dragon" is the "Legend of Fantasy War" game, which offers an immersive experience where players can engage in adventures, customize characters, and participate in narrative-driven events. The game is designed to reward players with SBTs for their achievements, further promoting the concept of digital identity and community within the ecosystem. Security Measures: The security framework of "Fable Of The Dragon" is robust, incorporating advanced blockchain technologies to safeguard user data and assets. The project employs a unique approach by integrating Soulbound NFTs into its security measures, ensuring that each digital asset is securely linked to its owner's identity. Additionally, the $TYRANT token operates on a 0% tax policy, minimizing potential vulnerabilities associated with transaction fees. Market Performance and Tokenomics: The $TYRANT token is not only a medium of exchange within the ecosystem but also a symbol of the project's broader goals. It facilitates transactions across the platform, including the trading of NFTs and participation in the digital marketplace. The token's design is aimed at simplifying transactions while ensuring security and fostering a user-friendly experience. Technical Outlook The $TYRANT token is currently trading at $0.0531, showing signs of stabilization after a prolonged downtrend. Several key technical indicators suggest a potential shift in momentum. The token is hovering around a significant support level at $0.05, which has held firmly in recent sessions. If this level continues to act as support, it could provide a foundation for a further upward move. Immediate resistance is located around the $0.087 mark, which coincides with the 200-day Moving Average (MA). A breakout above this point would be a bullish signal, potentially leading to further gains. Shorter-term resistance can be observed near the 50-day MA at $0.0463. - Moving Averages: - The 50-day MA is at $0.0463, and the price has managed to stay above it, indicating short-term upward momentum. - The 200-day MA sits at $0.0874, which may act as a stronger resistance if the price continues to rise. The MACD indicator is currently signaling a potential bullish crossover, with the MACD line crossing above the signal line. This could indicate that bullish momentum is starting to build. The Relative Strength Index (RSI) is currently at 59, suggesting that the token is in a neutral zone. A move toward 60 would indicate increased buying pressure and could be a sign of further upside potential. - Cup and Handle Pattern: A potential cup and handle pattern is forming on the daily chart, which is a classic bullish setup. The "cup" has formed over a longer period with a rounded bottom, while the "handle" is currently developing. This pattern typically signals an upward breakout if confirmed by rising volume and a price surge above resistance. Overall, $TYRANT is showing early signs of recovery, and traders should watch for a potential breakout above the $0.087 resistance level. A break above this key resistance would likely confirm a reversal from its prolonged downtrend. However, failure to maintain the $0.05 support could signal further downside risk. Conclusion: "Fable Of The Dragon" stands out in the blockchain community for its innovative use of technology to build a secure and engaging ecosystem. The project's focus on creating meaningful social impact, coupled with its commitment to enhancing digital identity security, sets a new standard for what blockchain technology can achieve. As the project continues to evolve, it offers a promising model for how technology can be harnessed to benefit society at large. Whether you are a gamer, a crypto enthusiast, or a philanthropist, "Fable Of The Dragon" offers a unique opportunity to be part of a revolutionary project that bridges the gap between technology and social good.
UNISWAP:TYRANTWETH_3AF73B.USDLong
by DEXWireNews
UNI (Uniswap): Channel Down BreakoutTrade setup : Price is in a Downtrend, however, it had a bullish breakout from Channel Down pattern, above $6.50 resistance, which could signal at least a temporary bullish trend reversal, with upside potential to $8.00. Stop Loss at $5.40. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Learn to trade breakouts in Lesson 7 and Risk Management in Lesson 9. 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. Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Strong Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $5.60, then $4.80. Nearest Resistance Zone is $6.50, then $8.00.
Long
by altFINS
UNI (Uniswap): Channel Down BreakoutTrade setup : Price is in a Downtrend, however, it had a bullish breakout from Channel Down pattern, above $6.50 resistance, which could signal at least a temporary bullish trend reversal, with upside potential to $8.00. Stop Loss at $5.40. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Learn to trade breakouts in Lesson 7 and Risk Management in Lesson 9. 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. Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Neutral, Medium-term trend is Down and Long-term trend is Strong Down. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $5.60, then $4.80. Nearest Resistance Zone is $6.50, then $8.00.
Long
by altFINS
Aerodrome Finance is a 25x - 50x Coin From Here#Aerodrome Finance is the central marketplace and liquidity hub for the Base Network, which is #Coinbase's #Ethereum L2 built to bring one billion users on chain. #Base can be regarded as Coinbase's answer to #Solana. Since Base won't have its own token, many consider Aerodrome Finance, whose founders/creators work closely together with those of #BaseNetwork, to be the next best thing. Aerodrome Finance has been gaining traction fast lately and has become an onchain volume leader. Currently, Aerodrome Finance sits at around the 150th place in terms of market cap, which means it's still in its infancy. In fact, the Total Value Locked on SPARKS:AERO is greater than the market cap of the #Aerodrome coin – there is a very valuable lesson in there for those who pay attention. Aerodrome with the current marketcap of BNB = $132 (205x) Aerodrome with the ATH marketcap of BNB = $189 (300x) Aerodrome with the current marketcap of Uniswap = $9 (13x) Aerodrome with the ATH marketcap of Uniswap = $39 (60x) Aerodrome with the ATH marketcap of Pancakeswap = $12 (18x) #AerodromeFinance, which is a real coin with utility and closely linked to Coinbase, currently has a meager marketcap of $0.3 billion. In comparison, a meme coin like CRYPTOCAP:PEPE currently has a marketcap of over $3 billion - 10x that of #AEROUSD! I personally believe AERO is a solid choice and may become one of this bull cycle's biggest winners. It's potentially a 25x to 50x coin from the current price. Once altcoins start running again, I expect this coin to do a quick 10 - 15x before the next significant correction.
COINBASE:AEROUSDLong
by couldntcomeupwithone
4
UNISWAP Price Update and TA in Weekly TimeframeHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: On the weekly timeframe, UNI is holding both the support trendline and the horizontal ray support, ranging between $3.89 and $4.67. This is a crucial support range for UNI, and maintaining this range will likely lead to a rebound followed by a bullish move. The actual confirmation of a bullish trend will occur when UNI breaks above the resistance trendline. For now, a rebound is essential for the price to remain positive. Key levels: - Primary Support: $4.67 - Lower Support: $3.89 - Primary Resistance: $$11.68 - Long-term Target: $40-$45 (8x gain). DYOR. NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
UNI (Uniswap): Approaching SupportTrade setup : Price got rejected at $12 resistance three times (Triple Top) and pulled back below 200-day MA (~$9.00), which is a sign of downtrend. Trend Traders : wait for price to regain that critical level to signal resumption of uptrend. Swing Traders : price is approaching $6.75 support, which has held up several times and could be a swing trade entry opportunity with upside to $8.00 - $9.00. This is a riskier trade setup because it’s against the overall downtrend. 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. Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $6.75. Nearest Resistance Zone is $10.00, then $12.00.
Long
by altFINS
Urgent UNIUSDT Analysis: Is a Major Move Coming?Yello Paradisers! Is #UNIUSDT gearing up for a breakout or a breakdown? Let's dive into the details and find out! 💎#UNIUSDT has been a strong performer, establishing higher highs and higher lows, and it’s currently positioned just above its daily support level of $7.16-$6.607. UNIUSDT has probability to revisit the support zone. A successful Change of Character (CHoCH) here could propel it towards the most probable Daily Fair Value Gap (FVG), aligning with a minor resistance zone around $8.649. 💎If bullish momentum continues and volume surges, UNIUSDT will encounter significant resistance between $10.10 and $10.617. The Relative Strength Index (RSI) is currently at 41. We anticipate it might drop to around 28, forming a bullish divergence, which could signal a probability of upward movement. Recent price action also indicates a liquidity grab, including buy-side liquidity. 💎However, if a daily candle closes below $6.063, this would invalidate the uptrend as support will be broken out. Remember, Paradisers, patience and discipline are key. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way to succeed in your crypto trading journey. Trade smart and avoid the herd mentality. By mastering your willpower and sticking to a robust strategy, you'll already be ahead of most traders out there. Keep pushing, and you'll find yourself in the winner's circle . MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
UNI Market Outlook: Trends and Levels to Watch✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the UNI coin in the crypto market. 🗂 About the Project: UNI, or Uniswap, is a decentralized trading protocol known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. Uniswap is also the name of the company that initially built the Uniswap protocol. The protocol enables users to trade crypto assets directly from their wallets without relying on a centralized intermediary. ⌛️Weekly Timeframe In this timeframe, UNI has experienced significant movements. Recently, it saw a downward trend reaching a critical support level of 7.030. Following this, the price has shown some consolidation, suggesting a potential shift in trend. 📈 If UNI stabilizes above 7.030, we can anticipate bullish momentum potentially pushing the price towards the next resistance at 12.099. Confirmation of a new upward trend will depend on candle stability above this level. 📉 Conversely, if UNI falls back and stabilizes below 7.030, it indicates a bearish trend continuation. The next critical support level would be around 4.039. 📊 In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence. ⌛️Daily Timeframe 🔍 On the daily chart, UNI ranged around the 8.193 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 7.280. 🧲 Given the current setup, a stabilization below 7.280 could signal another bearish wave. On the flip side, if the price moves above 8.193, it could indicate the start of a bullish trend, targeting higher resistance levels. ⌛️4-Hour Timeframe 📈 In the 4-hour timeframe, UNI has pulled back to the resistance at 7.683. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement. 📉 For short positions, the key levels to watch are 7.683 and 8.278, where price reactions could provide better entry points. For long positions, critical levels are 7.463 and 6.945. 💥RSI Oscillator The RSI is currently ranging between 42.46 and 53.05 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points. 📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
2