CAKE 4X!Good indicator for the price of exchange token is the volume of the exchange. It is the trust and also part of the revenue flow into the token.
Pancakeswap has volume 200M more than Uniswap. Pancakeswap is just all the time increasing the popularity since the fees on ETH network has made it impossible for majority of users to trade on Uniswap.
Yet Cake the native token of Pancakeswap is 4X lower at price than UNI the native token of Uniswap. This means that it's only a matter of time before the token follows the exchange and takes over the UNI same way as Pancakeswap took over Uniswap.
CAKE is being burned at increasing speed since the more volume the more fees collected and more CAKE burned. It's a matter of time for the CAKE token to over take the UNI in trading volume and thus over take it in mcap as well.
Uniswaptoken
Uniswap rallies 42% in 4 daysUniswap aims to replace centralized exchanges, exchange market makers, and specialists with decentralized liquidity pool-providing individuals and bots for efficient trading of cryptocurrencies and tokens on the Ethereum blockchain.
Go to Uniswap to exchange ETH for AAVE, BAL, COMP, LINK. Create your own token pair for other users to trade, provide liquidity and earn trading fees.
After 4 strong up days, UNI/USD is up 42%. Previous rallies of such magnitude were followed by retracements.
I would wait for a 25% to 40% retracement of that rally before going in, but Uniswap will be added to our portfolio at the earliest opportunity. Did you know it is up 1,100% in 6 months?
UNI: MOST Important Update - HASH RIBBONS CONFIRMED BUY! PT $387This is a significant day for UNI - UNI just posted a Hash Ribbons buy signal on April 25th and this is the most reliable buy signal in crypto.
The last time UNI posted this Hash Ribbons Buy signal was Dec. 21, 2020. Over the next 124 days, UNI returned 1000% or 11x to anyone who held over those 4 months.
Imho, this next 1000% return in UNI will take less than 124 days considering the bull market was just beginning in Q4 2020 and it takes time to start the compounding.
With V3 set to launch May 5th and EIP-1559 going into effect in July, you will want to be in for this ride... PT $387
Here is my last update on UNI prior to this:
UNIUSDT (UNISWAP) Resistance Zone BreakoutUNIUSDT (1H CHART) Technical Analysis Update
Resistance zone breakout
UNI/USDT currently trading at $40.00
Buy-level: $39.00 - $40.00
Stop loss: Below $36.70
Target 1: $42.50
Target 2: $45.00
Target 3: $47.50
Target 4: $49.00
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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UNI updateOur Uni trade went beautifully. Now let's see where we can go from here.
- Consolidating at the ATH
- Confluence between .272 & .382 FIB
I expect it to consolidate here for a while & and after that at the $40 psychological level. After which we have a clear path towards the 1.618 FIB level that I drew on the last drawback on the daily chart. This puts us around $44.
How are you feeling this UNISWAP run?
UNI/USD SYMMETRICAL TRIANGLE 4 HOUR CHARTHello people!
UNI/USD Chart a Potential Symmetrical Triangle. I think UNI could make the breakout to the upside as volume is also decreasing, the calm before the storm is coming. I will open a small long position here as soon as the breakout starts and is confirmed I will increase my LONG position and a little below the target profits take 70% and 30% continue to run with SL in profit as it can also be a higher breakout.
Registration link for PHEMEX EXCHANGE:
phemex.com
Registration link for BINANCE EXCHANGE:
www.binance.com
Registration link for IMBA EXCHANGE: imba-exchange.co
YOUTUBE CHANNEL from EGALITE:
www.youtube.com
Homepage: egalitesignals.com
EGALITE
[Long] Trend Analysis on Uniswap UNI COINIn has been a good past few weeks for Uniswap. The coin has seen an upwards trend from 28 dollars to 34. Recently after a wave down we can see that Uniswap has leveled out. In this traders opinion Uniswap is now on it's 5th wave up at some point within the next to weeks as it's already saw a recent down from 30 dollars to 34 just in the last day, April 13th to April 14th. Uniswap coin UNI has a long way to grow. This reminds me of a situation like NEO except for the bad downfalls of NEO this coin has potential to go all the way up and because of its decentralized architect it is here to stay. Because of Ethereum Uni coin has grow up fast and hard to 34 dollars and this trader knows that this is just the start having seen it again and again from 2014 with different altcoins. I believe this is the 5th wave up and could see 5% to 10% profit increases in just a few weeks and isnt that what anyone could hope for?
UNIUSDT_ TA _upcoming reistance & supportUNi has good support around $28 , if this support breaks the next support is at $24.25
My upcoming buy & sell targets:
Buy 1: $28.9 with SL : $27.4 & Buy 2: $24.50 with SL : 24.00
Sell targets : S1: 32.51 - 37.03 - 39.29
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Thanks
A +$50 uniswap is not that far ... last call !!A huge potential in next days, I think a $50 uniswap will be in April.
Don't miss it !
✅ Buy: 27.40 - 30 ✅
🎯TARGETS:
1- $36.22 (21.26%)
2- $49.20 (64.41%)
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): daily candle close below 24.20
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One More Shot to Grab More Uniswap at $32 Before It MoonsBuy Zone: $31.80-32
We will likely see one more bounce off the support and then it's new ATHs and this thing will have legs.
I expect it to run all the way to the parallel trend line with little resistance.
I'm not planning to sell any of this for a while. It's about to go on a tear when v2 release is announced.
Stock up next dip down and then go have the best day ever!
CAKE sidelining CAKE REVIEW
Rough consolidation for CAKE, just experienced a bad event recently with the DNS attack, luckily the team managed it really carefully.
Most of the value of CAKE remained because of people staking it and using farms for rewards.
Price action could be explained by less buyers in and more early adopters selling to invest elsewhere. Lack of new incentives to buy $CAKE is reason why price is slowly dropping. As long as TVL remains high and solid, I wouldn’t panic.
The fact that the price is under the 200EMA in the 4H chart makes me kinda bearish, but when we zoom out to the daily we are only near the 50EMA, which is still fine for now.
RSI has been under 55 for the main time since mid February (but never went completely oversold)which shows that a lot of people are still holding and staking.
Pancake is willing to be the Uniswap of Binance, for so it has revamp itself, which is going to happen before June 30th with CAKE V2 to happen in Q2.
On a fundamentals perspective, I am really bullish on CAKE since they are planning to change the contract for migration and develop:
* The ability to create a referral program (users can earn a percentage from referral fees).
* Adding an automated buyback and burn mechanism (from trading fees).
* Enable automatic compounding on syrup pools.
* Enable access to minting logic; governance votes decide on emission rates.
* LENDING & BORROWING
PancakeSwap is currently working on a Minimal Viable Product (MVP) version for lending and borrowing. The high demand for such products can be seen in projects like Venus, which is currently the project with the highest TVL on the BSC. PancakeSwap wants to be able to offer this service to its users as well. The fees generated by lending and borrowing would be used to buyback and burn $CAKE. This product will be released after the release of their prediction market.
These are the reason why I would buy more if ever we would retest the red support at 5$.
Otherwise I’d keep staking in the syrup pool and earn juicy CAKE that I would sell not less than 22$
Cheers
UNIUSDT (UNISWAP) Descending channel breakoutUNIUSDT (1H CHART) Technical Analysis Update
Descending Channel Breakout
UNI/USDT currently trading at $31.40
Buy-level: 31.00$ TO 31.40$ (Wait for the small retracement
Stop loss: below $29.40
Target 1: $32.40
Target 2: $34.80
Target 3 : $37.00
Target 3: $40.00
Max leverage: 3x
ALWAYS KEEP STOP LOSS...
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UNI - 6h. What UNI needs to Grow 70%?It has been 19 days since the UNI market has been in consolidation. The growth of 600% from the end of December 2020 should be corrected. In this case, the correction takes place in the consolidation range and does not suggest that the UNI price will continue to fall.
Critical range of $16.7-17.7 is guarded by buyers. During the consolidation, trading volumes on the UNI market dropped significantly, which indicates the absence of aggressive sellers.
If buyers hold the $16.7-17.7 mark by the end of the week, we will expect the UNI price to continue rising with a target of $33-34 .
However, it would be ideal if buyers can maintain the local range that has always helped buyers continue the trend - the range of $18.8-19.2
We will consider an alternative scenario for the continuation of the UNI price fall to $13-15 only after breaking through the range of $16.7-17.7
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UNIUSDT (UNISWAP) Symmetric Triangle UNIUSDT (1H CHART) Technical Analysis Update
Triangle Breakout
UNI/USDT currently trading at $31.00
Buy-level: above $31.50
Stop loss: below $28.25
Target 1: $35.00
Target 2: $40.00
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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UNISWAP-Ending diagonal patternIn the 240-minute chart, the first 5 ascending waves are completed in the range of 61986 Satoshi, and the corrective movement is completed in the range of 34774 with Ending Diagonal pattern. Due to the price increase, there is a scenario that wave 3 has been started, the initial target of which is 134977 Satoshi and the final is the targets of 235459 Satoshi.
BAO-USD work in progressBAO-USDT (project in alpha stage, unaudited, risky / promising)
!!! Work in progress chart : Supports / Resistances !!!
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DEX: Uniswap, Sushiswap (lowfee xDAI/STAKE chain in progress)
CEX: Gate.io, FTX
Coingecko
Info: What is BAO
Token intention: Creation of synthetic assets.
Similar tokens: SNX, AAVE
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This isn't a financial advice.
Always do your own research.
This is not T/F analysis. Published private work in progress only.