Uniswap UNI Is One Of The Undervalued Assets - 9x Pump Ahead!Hello, Skyrexians!
Today we will analyze BINANCE:UNIUSDT , one of the strongest assets of this cycle. On the one hand, it's trending coin and price have only touched 0.5 Fibonacci level of the previous bull market. On the other hand, it has not set the lower low on the recent altcoins decrease. All these facts tell us that Uniswap is undervalued cryptocurrency with the high potential gain!
Let's take a look at the weekly time frame. The previous bull run was impulsive and can be considered as the global wave 1. Then price has printed wave 2 in the shape of zigzag ABC. It has been finished in the typical target area at 0.5 Fibonacci retracement.
From this level UNI started new bull run. Wave 1 inside the global wave 3 was impulsive. After that price pulled pack and Bullish/Bearish Reversal Bar Indicator flashed the green dot, the strong long signal. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
Now we expect the price growth to wave 3 targets at 1.61 or 2.61 Fibonacci levels at $75 and $125, the maximum target is almost 9x from the current price level.
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Uniswaplong
UNIUSDT.P | Long Term TradeI will only leave the entries I caught here at $4 and hold them until $40, which means a 1000% chance of gain against a 60% chance of loss. Good luck to everyone.
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UNI → Uniswap Breakout to $16.75! Next Target $30.00!?Uniswap broke out of its nearly two-year trading range and hit resistance at $16.75! Now that Bitcoin and the crypto market have taken a pause, what is Uniswap's next move?
How do we trade this? 🤔
We must be cautious with our long bias in the crypto market. Bitcoin is at its all-time high, and the crypto market is burning red hot to the upside; this is not an ideal time to long because we're near critical resistance on both Bitcoin and Uniswap. The best course of action is to wait for a pullback and a sign of another leg up. This is technically the first leg up on the weekly chart and we're a decent distance from the trading range. The RSI is also at 85.00, a significant distance from the Moving Average; this supports a pullback.
Wait for at least a 30% pullback toward the nearest minor support line from April 2022. If we get a strong bull bar in that area, there's a long trade to be had that's reasonable. Long near the $11.50 price point setting a stop loss just below the trading range resistance (now support-side) at $6.75. This allows you to take 1:1 Risk/Reward profits below the current resistance at $16.27 where once hit, you can move your stop loss up to the entry price to lock in profits. The second half of your position can be swung to $25.75, beyond the current resistance and just before the next one at $30.00. If the second half of the position doesn't pan out, you already locked in profits with the first half.
💡 Trade Idea 💡
Long Entry: $11.50
🟥 Stop Loss: $6.75
✅ Take Profit #1: $16.27
✅ Take Profit #2: $25.75
⚖️ Risk/Reward Ratio: 1:3
🔑 Key Takeaways 🔑
1. Confirmed breakout at a 130% increase in price.
2. No pullback on the weekly candle and near resistance, wait to long.
3. Look for support at 30% pullback to the $11.50 area, wait for strong bull candle.
4. Take profits at 1:1 Risk/Reward then move stop loss up to entry price.
5. RSI is high at 85.00 and a great distance from the Moving Average, supports a pullback.
💰 Trading Tip 💰
Ascending Wedges signal an increased probability of a bear breakout. Combined with three pushes up in a bull trend and strong sell bars (candles with large wicks on their tops), creates conditions where a counter-trend trade is reasonable.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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1. Reading Price Action
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UniSwap- MFI EXTREMLY Oversold. Bulls Load Up. Market Cap 3.1 Billion
Up a nice 2,400% before the RSI Bear Div and the "Incredible Sell" prints.
Price has corrected 92% since and was gobbled up from the 0.786 fib level.
Big Volume Profile in this range with POC around $3.80
Weekly Heikin Ashi Money Flow Index sits at 0.11!
Stochastic Oversold.
Long Term Bulls should now DCA.
Could it drop further? Sure. I don't try timing tops or bottoms.
Speculative Setup, DYOR. Allow 3-18 Months For all Crypto Ideas.
Credit to @without_worries for allowing use of indicators.
UNIUSD vs ETHUSD Price Relationship: Long PositionUniswap's price is closely related to Ethereums price, but UNIUSD often has a slight lag in price changes in relation to ETHUSD.
Recently ETH has made big gains on the 1D chart reaching previous high levels with indicators showing signs of being overbought; whereas UNIUSD, although making gains recently, is still showing signs of being oversold on the 1D timeframe with the potential for big profit with a well timed long position.
If UNIUSD were to reach previous high levels conservative targets would be ~$37.
UNISWAP → Bull Channel Continues! Price Target of $7.25?Uniswap is showing bull channel support and is indicating the price wants to continue upward toward the $7.25 range. Should we long here? Or is the previous channel resistance around $6.50 going to send us back to the depths?
How do we trade this? 🤔
It's reasonable to long now. We have a bull signal candle at channel support followed by an additional bull candle that's not as strong as we would like to see, but a bull candle nonetheless. It's reasonable to see if the current 4HR candle closes on or near its high before entering a long. Entering here and setting a protective stop below the channel support is ideal, take profit at 1:2 Risk Reward around $7.14 just before the Resistance Zone.
💡 Trade Idea 💡
Long Entry: $6.28
🟥 Stop Loss: $5.85
✅ Take Profit #1: $7.24
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Bull Channel, Bias to Long!
2. Bull Channel Showing Support.
3. Gap to Resistance Zone (Previous High).
4. RSI at 60.00 and above Moving Average, Bias to Long.
5. Reasonable to Long Here for best Risk/Reward.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
Could UNI reach 11? I know its pretty optimistic setup, but technical picture looks pretty good and UNI haven't made any major bull trend since January 2022.
These are the few signs that telling me to go up.
1. RSI made Divergence already in 1W TF.
2. Checked 4.046 area twice and able to close candle above in 1W, 1M TF.
3. Now its checking 4.046 area third time.
4. Can not close the candle below red line in 1W and 1M TF.
UNIUSD Underperformance: Why You Should Sell NowToday, I want to talk to you about UNIUSD and why it's underperforming despite having a DEX as big as Coinbase.
It's no secret that UNIUSD has been struggling to keep up with other cryptocurrencies in the market. While their DEX is as big as Coinbase, their token price has consistently dropped. So, what's the reason behind this?
The truth is that UNIUSD has been facing a lot of competition from other decentralized exchanges. With so many options available, it's becoming increasingly tricky for UNIUSD to stand out. The recent market volatility has also played a role in the token's underperformance.
So, what should you do about it? My advice is to sell your UNIUSD tokens now while you still can. With the token's value continuing to drop, it's only a matter of time before it hits rock bottom. So, please don't wait until it's too late to get out.
In conclusion, UNIUSD is underperforming for various reasons, and it's time to cut your losses and move on. Sell your UNIUSD tokens now and invest in a cryptocurrency that has a more promising future.
Uniswap: Early Bird 🐦🪱The early bird catches the worm, which is why Uniswap should get it going to make the climb above the resistance line at $9.82. Once the coin exceeds this mark, the ascent to the turquoise target zone should be a piece of cake. Ideally, the course finishes the turquoise wave 4 near the $16-mark before heading downhill. Facing a correction that pushes the coin below the $9.82-mark, we're expecting further pulses South until the green wave places its corrective low below the $3.33-mark. After completion, the course should turn back up and aim for an upwards trend in the longterm. In our alternative scenario, there is a probability of 20% that Uniswap won't make the climb to fulfill the turquoise wave 4, which would speed up the corrective low of the green wave alt. .
Uniswap (UNI) formed bullish Gartley | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Uniswap (UNI).
Previously I shared a long-term trade setup for UNI , which is still in play:
Now on a 4-hr time frame, UNI has formed a bullish Gartley move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Uniswap (UNI) forming bullish Gartley for upto 17% moveHi dear friends, hope you are well and welcome to the new trade setup of Uniswap ( UNI ).
Previously I shared a long-term trade setup for UNI , which is still in play:
Now on a 4-hr time frame, UNI has almost completed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
📈✌UNI Daily analysis✌📉BINANCE:UNIUSDT
COINBASE:UNIUSD
First, please take a look at my previous analysis and positions.
between now and the yellow areas, you can open a long position in two steps.
If the price rises and reaches the risk-free level, you can risk-free the position.
TP1-2-3-4-5-6 are on the chart.
The optimum stop-loss is on the chart.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
UNIUSDT LongSince the price formed the lowest low @5.25, it has been on a bullish momentum until it formed the highest high, and the price has been forming a bullish pennant, which might be a strong indicator of a potential bullish momentum.
I am waiting for the price to break out of the pennant, and retest the zone I have highlighted so that I can enter my position.
The entry position is @6.52, Stop loss @6.1, just below the support zone. Tp 1 @6.94, Tp 2 @7.37, Tp3 @7.79
My R: R is 1:3.
Remember to risk 1-2 % of the account.
Uniswap (UNI) formed bullish Gartley for upto 2043% massive moveHi dear friends, hope you are well and welcome to the new trade setup of Uniswap ( UNI ).
On a monthly time frame, UNI has formed bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade