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Uniswap

#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.
by Bitcoin_Analyzer
Crypto - Uniswap Wyckoff Accumulation - Get LongI see a Wyckoff accumulation where the spring has just formed. It takes out the previous low in a swing failure pattern. When the peeps that were stopped out fomo back in we run up quickly. There is also a spinning top reversal on the spring supporting the Wyckoff theory. Love complimentary signals. For higher probability trade wait for SOS to form. Volume is low on the selling that created the spring. RSI is higher on the new low showing a bullish divergence. Stochastic is low showing that the selling is ending and we are ready to bounce. Price = 5.42 Target 1 = 6.50 Stop Loss: 4.95
Long
by thecryptochart
Algebra LONG PLAY - 150% Potential Gain Current Price: $.0248 Entry Price: If it breaks the Diagonal resistance ($.025-$.028) Entry price if rejected by Diagonal resistance and bounces of diagonal support: (.0195-.021) Resistance 1: $.0323 Target 1: $.051 Target 2: $.080 Stoploss: $.019 What is Algebra? Algebra is a next-generation Automated Market Maker (AMM) and concentrated liquidity protocol for decentralized exchanges. It is based on adaptive fees technology, making it a revolutionary solution in the DeFi field. Algebra Protocol has already been integrated by various DEXs such as QuickSwap, THENA, Zyberswap, Camelot, StellaSwap, Ubeswap, and many more. ALGB Token Utility The ALGB token is used for staking. Algebra receives a portion of the fees from the integrated DEXs, which are then used to buy back ALGB tokens and distribute them to stakers. You can stake ALGB tokens on the Algebra platform. The more DEXs integrate Algebra's solution, the more ALGB will be bought back, leading to an increase in value for the token holders.
ALong
by Helios_Capital_Investment
The nuances of crypto indexingThe following is a summary of an episode of WisdomTree’s Crypto Clarified podcast, focused on the topic of crypto. The discussion is between Benjamin Dean, Director of Digital Assets; Pierre Debru , Head of Quantitative Research & Multi Asset Solutions, Europe; and Blake Heimann , Senior Associate, Quantitative Research. Summary: Indexing is a way to track the performance of a group of assets in a very standardised way. It started in the late 19th century with the Dow Jones Industrial Index and has evolved over time into products like index funds and exchange-traded funds (ETFs). Crypto indexing has become possible recently due to the increase in investible assets, on chain data availability, and accessibility. People buy crypto indices for benchmarking purposes and diversification. When creating a crypto index, people need to consider both quantitative metrics, such as market capitalisation, and qualitative risks, such as use case and regulatory risk. In the near future, we may see more bespoke metrics being used to create indices that can potentially outperform the market. For the benefit of those who aren't into the more technical parts of finance could you explain indexing: What is it? When did it start? Why do people do it? PD: In one sentence, indexing is a way to track the performance of a group of assets in a very standardised way. The idea is to use simple, transparent, systematic rules that can be applied consistently over time to create a portfolio. Indexing is a very old thing. It started in the late 19th century in equities with the Dow Jones Industrial Index. It was created to benchmark the performance of equities and as a way for investors to be able to compare their own performance with the performance of the market. The ‘index’ is very often called ‘the market’ because it's meant to represent the performance of all the equities or all the bonds etc. From that, it has evolved very quickly. Eventually some people began to say, "Oh, I would like to invest in that market." This led to products that allow people to invest in the market without taking active decisions around which stock or bond you like. In the 1970s, you could do it with an index fund that would track the S&P 500, for example. Then, in the 1990s, exchange-traded funds (ETFs) were created. Now, we see digital tokens that allow people to track an index. Finally, the last evolution of indexing is not to track the market, but to try to beat the market. So, when we start talking about factor investing, we're talking about basically systematic quant investing where you apply systematic rules to try to beat the market. This is still called an index but it's a different animal. It is more an investment strategy wrapped inside something which is systematic (that is, rule-based) and, therefore, is called an index, but it's not about representing the market, it is about beating the market. What has changed in the last few years to make crypto indexing possible? BH: I think one of the big things is that, historically, Bitcoin really dominated the crypto market. Then in 2017 you have ETH and some of the ICO (initial coin offering) craze taking place. So you expand the overall universe in terms of assets that could be invested in. Now there's actually multiple investible assets out there that are worth tracking. You also have the accessibility of on-chain data. For example, if you're going to do a market cap-weighted type of index, very much like an S&P 500 of crypto, you need to have accurate pricing data and accurate supply data to make sure you can calculate a true market cap. Thinking about those questions, you want to make sure, especially in an unregulated type of space, that the pricing you're using is not coming from any type of wash trading or any other type of activity that wouldn't be deemed as true volume and not necessarily giving you a fair price. PD: If I may add also, to give a numerical notion of what an index is supposed to cover: in the equity world, you would expect a large cap index to cover probably 95% of the total market cap of the country or the universe we're trying to cover. If you include small cap, you would probably want to include 99% of the total market cap of the space. And so Blake was saying 95% of the space 5-6 years ago, it's probably Bitcoin or Bitcoin Plus, but this is not the case anymore. When you're looking at 95%, maybe 99% right now, you are looking at hundreds of coins or tokens. This is where the need for indexing comes in. You can't just say anymore, "Oh, I invested in coin A, and it beats Bitcoin, or it didn't beat Bitcoin." This is not the benchmark anymore. So the question is: what do I compare myself to? I bought this coin six months ago. Was it a good or bad investment decision? You don't know if you don't know what 99% of the space has done, and that's what an index does. Given your explanation of why indexing exists, why would someone want to buy a crypto index in particular? Why not just buy Bitcoin alone? PD: First, you need a benchmark. You need to know what the market is doing to really be able to compare. That's what the benchmark gives you, and that's why in crypto it's important to start having this S&P 500 equivalent. The second thing that I think will come very soon is investing in the market. Investors are going to want to have diversification to multiple tokens, multiple use case, multiple sectors etc. They are going to want to start investing in a diversified way, not taking single coin risk, but rather taking basket risk. That's where the index is going to come in. When you think about trying to do crypto indexing, what are some of the pitfalls that people can fall into? BH: We’ve already talked a bit about data availability and quality assurance. There are issues with the market capitalisation metric. Firstly, with determining an accurate price; then, on the other end of that calculation, you need an accurate circulating supply. I specifically refer to circulating supply because a significant portion of many of these tokens are locked up in different founder wallets, other types of less liquid type of wallets. So in that sense, they're not circulating. Another example, if we think about an index and you're trying to map 99% of the universe, the challenge with that is looking backwards and saying, "How do we actually have a mapping of all the dead coins from, say, 2017?" A lot of the data providers, a lot of places where you'd go to try to pull this data, aren't even out there. So, in that sense, we could back test the market cap-weighted type of index for the last five years, but it's going to have this survivorship bias because certain dead coins that blew up during the ICO craze, now trading essentially at zero, are going to be excluded from your 99%. If you don't have that today because of data availability issues, you're essentially going to have an inaccurate back test. So there's a lot of small details that need to be thought about in this process on top of just the technical expertise that comes in with just getting all the data across the board, bringing it together, and making sure it's clean and ready to use. We've talked about a few quantitative metrics. What are some of the qualitative risks that one might think about when putting together an index? PD: Risk management exists in equity indices or bond indices. If you think about the S&P 500, it is mostly rule-based, but there is a risk management layer which is basically a committee of people. This approach can also be applied to crypto indexing. You have to ask yourself, for example, if a token is currently under investigation by some leading regulators should it sit out of the benchmark for a while until this is resolved? If you have a token that has issues in terms of money laundering or these type of things, should it sit out of the index until this it resolved? Here, there is a balance around representativeness. Of course, if you keep some coins out, you are slightly less representative of the market. But there is also a risk if you put some coins that appear more risky because they have issues, then there is more likelihood that you have more volatility in your index. There's a balance to find and there is no perfect answer. BH: I think when you're thinking about things qualitatively, specifically looking at their use case and then being able to say, "Okay, these use cases are generally good to go." However, anything (for instance) that might be generally considered a ‘privacy token’ in terms of overall sector may be a red flag that says, "Hey, this automatically just shows up on a list that we have to review in detail to know that this is not something that's going to pose an additional risk, a regulatory risk, in the space." Where do you see crypto indexing evolving in the near future? PD: Say we get to the point sometime in the near future where, whether it's defined by market cap or not, there's that benchmark in place. Then, other metrics could be quite useful to lean away from that benchmark, and lead to, in a sense, alpha chasing. If we're defining that original benchmark as beta then we could add something like TVL (total value locked), on a smart contract platform. The amount of assets that are locked into these different smart contracts could be indicative of the actual usage of that layer one. You could also look at the overall number of active wallets or the number of transactions taking place on a network. You could pull some very bespoke metrics around a specific use case, call it a sub-sector. If it's a lending protocol, for example, you could actually look into some of the metrics around that specific activity to determine if this is something that has longevity, or is maybe potentially meeting critical mass. Take Uniswap, for example. The overall volume on Uniswap as a decentralised exchange surpassed Coinbase in this last year. Certain metrics could drive an investment process that could be quite interesting and lead to potential outperformance versus a more ‘vanilla’ benchmark that is just giving you that beta type of exposure in the market. BH: Using a taxonomy, like WisdomTree’s Digital Assets Taxonomy, you can segment the crypto space. That means, if you were thinking about decentralised finance (DeFi), you could say, "Oh, I'd really like a DeFi exposure because I really think that's a strong use case for crypto." Now you could actually have another sub-indice that tracks that and you could invest in that. Moving back to quant, to take it one more step further, you pull some of those interesting metrics to determine which DeFi protocols and DeFi tokens are actually included in that index or that portfolio and things could get really quite interesting, and you really start to see the space become very sophisticated very quickly in terms of figuring out how to allocate within that crypto allocation in a broader portfolio. PD: That's interesting because that's exactly how most investors behave. There are always the single-stock pickers, but most people are going to take a benchmark and then they're going to tweak it towards what they like. They say, "I like US equities, so I'll buy US equities instead of world equities," for example. They might also say, "I really believe in energy for 2022, so I'll buy S&P 500 energy." For crypto, you can say, "What I really believe in is the developers. It's about the strengths of the development team. So I'm going to buy my index, but inside the index I'm going to buy more of whichever coin has the most developers or whichever coins have the most human capital because they have the strongest developers that have worked on the best coin before." But these kinds of ideas are a lot easier to implement if you can start from the base, and the base is a benchmark. If you have to start from, "Here are 10,000 coins," it is very, very difficult. If you start from, "Here is the S&P 500 of crypto," then you can start tweaking. And that's why I think there's potential value for this benchmark to exist.
NASDAQ:NCI
by aneekaguptaWTE
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 % ------------------------------------------- if you missed! here are some of our recent Altcoin trades that are available to enter : FET | Bullish flag breakout confirmed ✅ MAGIC | Massive Ascending triangle ! APT USDT | Triangle Breakout !! ACAUSDT | ready for a bullish impulse
Long
by Khaledzu
DOGE/USDT Technical Analysis: Will Dogecoin Hit $5DOGE/USDT Technical Analysis: Will Dogecoin break through the $0.120 Resistance Level? Dogecoin (DOGE) has been one of the most talked-about cryptocurrencies in recent times, and it's not difficult to see why. It has seen some impressive gains in the past week, with a 40% increase in value. This was followed by a 30% pump in a single day after the Twitter logo changed. But what does the future hold for DOGE? In this technical analysis, we will take a closer look at the current state of DOGE and where it might be headed. Current State of DOGE DOGE is currently trading at $0.1, and as mentioned earlier, it has seen a 40% increase in value over the past week. The cryptocurrency broke out of a very long bear flag and is now trading in an uptrend. However, the big question on everyone's mind is whether DOGE will be able to break through the $0.120 resistance level. Expectations and Predictions Based on the current state of DOGE, it is expected that it will pump a bit more. However, it is also expected to reject from the $0.120 resistance level. If this happens, there are high chances that it will hit the $0.06 level again. Therefore, it is essential to keep a close eye on the $0.120 resistance level. If it breaks upward, DOGE will fly high, and the cryptocurrency could see some impressive gains. Important Levels to Consider In any technical analysis, it is important to consider the support and resistance levels. In the case of DOGE, the support level is $0.06, while the resistance level is $0.120. These are the levels to watch out for if you are planning to enter any trade. Takeaways DOGE is currently trading at $0.1 and has seen a 40% increase in value over the past week. The cryptocurrency broke out of a very long bear flag and is now trading in an uptrend. DOGE is expected to pump a bit more but may reject from the $0.120 resistance level. If DOGE breaks through the $0.120 resistance level, it could see some impressive gains. The support level for DOGE is $0.06, and the resistance level is $0.120. Conclusion In conclusion, DOGE has seen some impressive gains in the past week, and it is expected to see more gains in the future. However, it is important to be cautious when entering any trade as the cryptocurrency may reject from the $0.120 resistance level. Remember to do your own research before making any investment decisions, and never trade blindly as it is your hard-earned money.
Long
by CryptoPatel
5
#Uniswap Weak But Bulls Soaking In Selling PressurePast Performance of Uniswap There are lower lows in the daily chart. However, what's evident is that buyers have the upper hand, rebuffing attempts to push UNI lower. As it is, the immediate support is at $5.3, flashing with March 12 lows. In the days ahead, it will be critical to observe how prices will react at the top of the current consolidation at around $6. #Uniswap Technical Analysis UNI prices are down 21% from February peaks but remain bullish from a top-down preview. Even so, buy trend resumption will highly depend on how bulls will flow back and build from yesterday's gains. Already, the March 28 bar is bullish though trading volumes are comparatively low. Ideally, a high volume break above $6 may be the base for the next leg-up that may see UNI race to March 2023 highs at $6.6. If bears flow back, any dip below $5.3 with equally high volumes would confirm sellers of late February. In that case, UNI may drop to $5, retesting critical support levels of H2 2022 and Q1 2023. What to Expect From #UNI? The token is technically bullish but tethered to $5, a psychological support level. If there are gains above $6 as confirmation of March 12 gains, UNI may surge in a resumption of the December to February trend. Resistance level to watch out for: $6.6 Support level to watch out for: $5.3 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Uniswap: Shake a Leg! 🦵Uniswap should shake a leg now and start moving upwards. The altcoin should push further off the lower edge of our pink trend channel, where it has recently finished wave d in magenta, and soon make it above the resistance line at $9.82. There, our crypto-friend should climb into the turquoise zone between $13.03 and $16.03 to complete wave e in magenta as well as wave 4 in turquoise. Afterward, we expect Uniswap to head southwards again. The altcoin should return below $9.82 and continue the descent until the support at $3.33. Shortly before this mark, it should stop, though, to conclude wave 2 in green. However, there is a 33% chance that Uniswap could slip below $3.33. In that case, the altcoin would develop wave alt.2 in green earlier (and lower).
BINANCE:UNIUSD
by MarketIntel
1
#Uniswap in a Bull Flag, Down 10% with Resistance at $6.5Past Performance of Uniswap On March 15, UNI prices fell 10%, swinging back to bearish territory and reversing gains of early this week. The downtrend remains, and the token is within a bull flag with support at around $5.5, flashing with last week's lows. #Uniswap Technical Analysis The uptrend is valid at spot rates. However, for buyers to stem recent losses, they must break above the descending channel and surge above $6.5, ideally with increasing volumes. Before then, confirmation of yesterday's losses may see Uniswap prices drop to $5.5, an opportunity for sellers to double down. Further dips below this reaction line flashing with the 78.6% Fibonacci retracement level of the November to February trade range may see UNI slip to November lows at around $5. What to Expect from #UNI? Buyers are upbeat, but sellers are adamant, reading from the recent UNI arrangement. As it is, traders remain optimistic, but whether this will pass depends on if bulls will flow back. Comprehensive gains above the descending channel of this bull flag will cement the December to February uptrend. Resistance level to watch out for: $6.5 Support level to watch out for: $5.5 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
1
UNI Uniswap Labs’ mobile crypto wallet blocked by AppleUNI Uniswap Labs, the firm responsible for the foremost Ethereum-based decentralized exchange (DEX), is purportedly encountering hindrances in its attempts to release a mobile cryptocurrency wallet for iPhone users. As per a spokesperson from Uniswap Labs, despite fulfilling all of Apple's requirements, the company has not granted approval. This recent obstacle reinforces the notion that Apple is a rigid overseer of crypto enterprises' admittance to the iOS platform, and its prohibition of cryptocurrency trading applications that do not employ "an authorized exchange" has faced criticism. Considering also the Double TOP chart Pattern, I now expect a retracement to the next support of $4.95. Looking forward to read your opinion about it.
Short
by TopgOptions
Uniswap: A Decentralized Exchange with High Potential🔥UNISWAP: A Decentralized Exchange Token with High Potential🔥 Uniswap is not just a decentralized exchange but also a solution to the problem of high spreads for illiquid assets. The project aims to incentivize professional market makers to provide liquidity for slow-trading assets. The UNI token, an ERC-20 token on the Ethereum blockchain, is used for governance of the protocol. Currently, there are 762,209,327 UNI in circulation, with a total supply of 1 billion. Once the total supply is reached, Uniswap will introduce a 2% "perpetual inflation rate" to sustain the network. The detailed distribution of UNI tokens can be found on their website. Uniswap: Potential to Surpass Coinbase in Trading Volume In Bitwise's investor letter dated January 11, 2023, one of the largest cryptocurrency asset managers made a prediction about the development of the crypto industry in the new year. Bitwise predicted that Uniswap, the leading decentralized exchange, will surpass Coinbase, the largest US exchange, in trading volume in Q4 2023 and may never look back. The future is decentralized, and Uniswap is already living it. In addition, Uniswap's third version of the decentralized exchange protocol will be deployed on the BNB Chain after the vote by Uniswap users. This potential move could increase the user base and expand cooperation with the Binance ecosystem, potentially increasing TVL by more than $1 billion with the addition of up to 2 million new users. Uniswap's Growth Potential Uniswap has come a long way since its inception in November 2018, becoming the world's largest decentralized exchange by trading volume. But has the project reached its growth limit or does it still have significant potential? 2022 saw many major centralized exchanges going bankrupt, which led to an influx of new users to the DeFi sphere, where Uniswap operates. The trend toward using decentralized exchanges is only gaining momentum, and in 2023, major Layer-2 networks like zkSynk and Base are launching, with Uniswap set to launch its protocol on these networks. Moreover, Uniswap is betting on the development of mobile services, recently presenting its mobile app. The app will allow users to trade on the go, making Uniswap more accessible and convenient. Conclusion 👉 Conclusion: With its innovative solutions to liquidity issues and governance mechanisms, along with its commitment to decentralization, Uniswap has the potential to become one of the most important players in the cryptocurrency industry. Keep an eye on this token! 👀 Uniswap and SP500 Decline: Accumulate UNI Coin at $3.35-$4.20 📉 I must note that Uniswap is currently declining along with the entire crypto market. Additionally, the SP500 is also experiencing a decline, and there is a high likelihood that it will fall significantly in the medium and long term, with a stronger drop than that of 2008. Returning to the UNI (Uniswap) coin, I suggest accumulating it at the established lows of this accumulation corridor. I consider the best accumulation prices to be $3.35 - $4.20. Altcoins have already gone through a similar situation in 2018-2019, with 1-2 years of accumulation followed by 1 year of growth alongside or after Bitcoin. Future of Cryptocurrency Trading: Uniswap and DyDx Leading the Way Amid Tightening Regulations and Bitcoin's Potential $250,000 Price Looking ahead for the next few years 🚀, with cryptocurrency regulations and taxes becoming more prevalent, many people may leave centralized exchanges due to massive account blocks and the inability to prove the source of their funds. For some time, Uniswap and DyDx are likely to lead in trading. However, Ethereum may also face tightening regulations, leading to wallet blocks for USDT, USDC, Ethereum, and other tokens. In such a scenario, anonymous coins such as Monero, Litecoin (mimble wimble), and Bitcoin with the Taproot system could become a new trend. We shall observe. Oh, and in the next couple of years, I expect Bitcoin to reach a price of $250,000 due to high inflation worldwide. 💰
CRYPTO:UNIUSDLong
by UnknownUnicorn285026
✴️ Uniswap vs Tether (Think Long-Term For Success)I have to admit that this is basically the same chart as the BTC pair, UNIBTC. We are looking at Uniswap vs Tether, UNIUSDT. This pair hit bottom in June 2022 with the week closing in a Doji with the highest buy volume ever at the time, then an even bigger volume session/week in August... This is how the market seals the bottom, very strong buying right after the low is hit. A famous investor and trader says that the financial markets are a mechanism to transfer wealth from the impatient to the patient. I tend to agree. When trading spot, just buying Altcoins, any mistake can be corrected through a long-term wait. If you buy a pair expecting a rise and it doesn't happen, waiting can fix any and all mistakes... But if one is impatient, a loss can be sealed by selling lower than the entry point. And the worst experience of all, right after you sell at a loss, prices start to grow. UNIUSDT as its counterpart UNIBTC has been undergoing consolidation for many months after the initial breakout in June 2022. A higher low was hit in November 2022 compared to June. And since the July peak we have over 7 months of consolidation... Think of this, or better yet, look at past history from May 2021 to June 2022. The bearish trend is quite easy to spot. The bear market is quite easy to read, lower highs and lower lows. We have no new lows in almost 9 months... This is the accumulation phase, when whales, smart people, experienced traders and institutions load up on their favorite coins. Once the accumulation phase is over, the next cycle starts to form. The give away is the high buying volume after the June 2022 low and the fact that we have no new lows after 9 months when in the past a new low would be hit every few weeks. We also have an ABC correction, if you saw my Bitcoin Elliot Wave Theory trade idea, you know what follows next. It is a system to transfer wealth from the impatient to the patient, knowing this... What will you do? Buy and hold or jump from pair to pair? My money is on the hold... I am thinking long-term. Think long-term. 1-2 years into the future. Namaste. P.S. When the next bull-run comes we will see new All-Time Highs all across, the amount of growth that we will experience, the numbers, will be much more than anything anybody can imagine at this point.
Long
by AlanSantana
✳️ Uniswap Prepares For A 150% Bullish WaveThis is the technology of the future, Cryptocurrencies. And this is one of the exchanges of the present, Uniswap. This is a pretty nice exchange, the app is neat and works nicely. You can trade many Cryptos without an intermediary, safe and effective. The chart for this pair, UNIBTC is looking really good and talks good about the overall health of the Cryptocurrency market. Let's look at it together shall we? UNIBTC hit bottom May 2022. After this May bottom a bullish breakout took place and this produced a 192% bullish wave. Here is the interesting part, this wave so far has corrected by only 33%, which is perfectly normal for Cryptocurrencies and highly strong. Cryptos tend to correct between 20-35% after a bullish move before continuing higher. The correction took its price to the 0.5 Fib. retracement level and recently we have a double bottom at 0.0002712. Last and very important, it's been more than 7 months that UNIBTC remains at these strong levels after a major breakout... A long consolidation phase. Consolidation phases of this sort can last 1-3 months when the action is hot but since we are looking back to May 2022, the action was pretty bearish back then, in this type of scenario, consolidation can take as long as 8 months... Sometimes less, hardly more. As you can see by these signals, Uniswap is preparing for another jump. Since volume is pretty low, this signals that the real growth, the real action, the real buying, is yet to come. Huge potential here but remember to have a plan if you decide to trade because the pair can break down rather than up... If it breaks down, think long-term, my best decision is always to hold. If it breaks up... No complexities, that's a success, just enjoy the profits on the way up. Enjoy your life. Enjoy your Sunday. Enjoy your rest. This is the calm before the bullish storm. It is about time now... Boost & Follow! Namaste.
Long
by AlanSantana
#Uniswap inside a Rising Wedge, Support At $6.2Past Performance of Uniswap Uniswap prices are within a rising wedge, consolidating, as visible in the daily chart. The uptrend is valid despite bears having the upper hand in the past few days. Still, traders should watch out for how prices perform. If UNI drops below $6.2, there could be more short- and medium-term losses. Conversely, gains above $7.4 and the expanding wedge may pump Uniswap bulls. #Uniswap Technical Analysis UNI is trending, consolidating within an expanding wedge. Overall, sellers appear to be resisting attempts higher. However, with UNI consolidating horizontally, soaking selling pressure, buyers stand a chance. In the days ahead, the primary support lies at $6.2, while resistance is $7.4. Conservative traders can wait for a breakout, aware that losses below $6.2 may see UNI retest at $5. Conversely, any surge above the $7.4 to $7.6 resistance zone may trigger demand, lifting the token to August 2022 high of around $9.6. What to Expect from #UNI? Presently, UNI prices are consolidating inside the expanding and rising wedge. There are clear resistance and support levels. However, since there appears to be accumulation, the best course of action is to wait for a high volume break out in either direction before riding the emerging trend. Resistance level to watch out for: $7.4 Support level to watch out for: $6.2 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
3