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Uniswaptoken

EYEING this indicator before getting back inThe current situation: 1. Price action has been in this falling wedge since reaching the previous high and it has not gotten on top of the 1HR 50 moving average since. The 1HR 21 moving average is flattening out, which looks like signal for a reversal. In the area of the possible breakout, it an ascending triangle does seem to be forming, which is a bullish pattern. However, I would look for price action to close on top of the 1HR 50 moving average before being convinced there is a reversal. Nevertheless, the market is looking quite bearish so even if this reverses, I would still be careful especially if there is a move downwards in BTC. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too. *These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
COINBASE:UNIUSDLong
by CryptoRush_
UNISWAP soon ready for BULLISH MOVE - (Near Demand Zone)#UNISWAP TA Update:- 1. #UNISWAP now trading at 73098 sats, and converging into a falling wedge. Falling wedge ends with a Bullish move. So 1st Confirmation is Falling Wedge. 2. Also UNISWAP is approaching Demand Zone which is at daily support. The daily support level at 29552 is going to be tested 1st time, so 90% chances are the rejection. 3. There is a Volume Divergence. Price is decreasing but there is no Selling volume, indicates the weak hands are selling but the whales are accumulating slowly. Also, downtrend must be supported with large volume. Since there is less selling volume, so there are high chances that UNISWAP is going to Move upward from Demand Zone. Daily Support: 29552 (Demand Zone) 4h Support: 21503 (Below That You can put Stoploss or Average Out In worst Case) Confirmation For Uptrend: Falling Wedge ----- Approaching Demand Zone ----- Volume Divergence Always implement Risk Management. Don't Invest All. Invest 10-15% of capital, then in case price dumps, invest rest 10% to average out. For averaging out, put orders atleast 15% below your buying price to properly average out. Thanks. Please give a like to this post. Thanks.
Long
by SmartMaxi
Continuing downwards or breakout of THIS pattern?The current situation: 1. Price action has been continuing in this falling wedge as seen on the hourly chart and has bounced off the 0.786 FIB level at about 4.4 USD. There is also a double bottom apparent with the neckline at about 4.6 USD. The measured target for the double bottom pattern is about 5.05 and the measured target for the breakout of the falling wedge is about 7.55 USD if broken out of the point indicated. Do note that price action may not reach its measured target however. 2. There is not exactly bullish divergence on the RSI though, but we will see if this actually reverses back up from this point. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too. * These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
COINBASE:UNIUSDLong
by CryptoRush_
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