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Uniswaplong

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! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
COINBASE:UNIUSDLong
by TraderEngineering
3
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.
Long
by bL1TZZ
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.
BINANCE:UNIUSDLong
by BertieLeonard
3
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!
COINBASE:UNIUSDLong
by TraderEngineering
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.
BITSTAMP:UNIUSDShort
by bryandowningqln
1
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. .
BINANCE:UNIUSD
by MarketIntel
1
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.
Long
by Vapari_Inc
2
UNISWAP - 2021 Buy OR SELL Signal FORECAST NEXTUNISWAP - 2021 Buy OR SELL Signal FORECAST NEXT DAYLY trend chart Technically we are still overall bearish and here are the two possible scenarios: Buy level - $12 - $16 Stop loss $10. 40 Take profit 1 - $30 Take profit 2 - $40 Right here is price in a descending triangle with price about to test the next support level . If price does not break the demand zone downward, then I expect a rise by 20% to $30. What do you think? If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by Pathum_Nirmal
2