UNI: Coinbase IPO = UNI Target Price of $131Just want to put out a short Fundamental Value note on UNI .
UNI is worth $131 considering the relative value of where Coinbase will list its IPO which looks to be at or above $68B in equity value alone.
UNI does very similar daily exchange volumes at nearly ~$2B / day relative to Coinbase and will likely surpass Coinbase in exchange volume in the next 30 days after UNI implements its major upgrade for efficiency and a later upgrade that will focus on reducing gas fees by May.
Public comps like this are god-given gift b/c the value will be visible to anyone and this will attract investors to UNI as it will be clear that it is massively undervalued at $14.5B market cap. If UNI were to trade more in-line with this public comp, that would equate to a price of $131 per UNI . Therefore my PT by the end of April is $131.
Coinbase will list its shares mid-April.
Source: Coinbase puts its value for Nasdaq Listing at $68 Billion
Coinbase Global, the largest cryptocurrency exchange in the US by trading volume, has registered 114.9 million shares for a direct listing on the Nasdaq stock market.
The company, founded in 2012 by Brian Armstrong, who is the CEO, and Fred Ehrsam, said in a regulatory filing to the Securities and Exchange Commission that recent private transactions had valued the San Francisco-based business at around US$68 billion. The valuation is almost 53 times its revenue in 2020.
In the filing, Coinbase said its stock in the private market traded at a weighted average price of US$343.58 in the first quarter of 2021 to 15 March. In the third quarter ended 30 September, Coinbase’s stock traded at an average of US$28.83 per share for a valuation of US$5.3 billion. According to data platform PitchBook, Coinbase was valued at a shade over US$8 billion during its last private raising of funding in October 2018.
UNIUSD
UNI - 6h. The market decline is not over yet - we expect a $20Yesterday's continuation of the fall in the BTC market provoked other coins to similar actions. The fall in the UNI price by 15% is an unpleasant event that indicates the weakness of the coin. Of course, almost all coins have been corrected. However, if UNI and DOT fell heavily, then BNB and FIL coin charts look much better.
A large number of sellers of this coin became noticeable when the UNI price tried to break through $34.6. After the first drop in the BTC price on March 22-24, the UNI market looked one of the strongest. The price practically did not drop for BTC and buyers launched a counterattack. But the buyers failed to gain a foothold above the mark of $34.6 even for an hour:
The last attempt of buyers to gain a foothold above this level ended with a sharp response from sellers, and led to a strong fall in the price of UNIUSDT .
At the moment, the UNI market fall looks like it is not over yet. Buyers managed to keep the range of $26.3-27.2. However, the main volumes formed in the range of $31.2-32.2. Notice where the UNI price stopped during an aggressive buyer's attack
In our opinion, this range is a sales area . If buyers fail to take control of this range during the next counterattack, we will expect a new wave of decline to $20.
It is at this mark that two trend lines intersect:
In addition, the last strong consolidation in the period from January 30 to February 20 is located exactly at the $ 20 mark. The cryptocurrency market has changed. Therefore, in incomprehensible situations, it is better to observe longer.
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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!
UNISWAP (UNIBTC) Breakout Long TradePair UNIBTC
Direction Long
Entry 0.00060537
SL 0.00058850
TP1 0.00061127
TP2 0.00061634
TP3 0.00062055
TP4 0.00062561
Signal Rating 3/5
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
Uniswap (UNI) - March 22Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
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We need to see if it can rise along the uptrend line (2).
If you fall at 30.316, you need a short stop loss.
However, it may rise along the uptrend line (3), so careful trading is necessary.
Trading volume started to decline from February 18th, and trading volume has been low so far.
As a result, rapid movement may occur, so careful trading is necessary.
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(UNIBTC 1D chart)
We must see if it can rise above the 0.00061028 point by following the uptrend line.
If you fall from the 0.00053565 point, you need a short stop loss.
However, you need to trade carefully as you can gain support and climb in the 0.00044983-0.00048994 range.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator published by oh92. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
AT CryptoScan: Uniswap breaking out?Something is up with this one...
Looks like it broke out, aiming to 45.
Noticed the trendlines are all of the same angle... and so are its extensions to target.
Also, the candles are more solid, with little extensions... signals to me that the directional commitment is strong.
MACD is turning up, and RPM just might support it over the next few days.
UNI - $40 TargetA quick view of UNI. in the immediate term - Trying to break up into channel above. I think I saw something similar in Link.
$40 target seems reasonable by end of March. Stretch target of $45
Note these charts take me about 60 seconds to build so they are not always 100% inline with support / resistance but I'd argue they are 99% accurate and do a good enough job to identify key trends :)
Best, Hard Forky
UNI: Next Target $40+UNI seems to be climbing up the trend line. As long as we maintain support along the trend line, our next target should be around the 1.618 fib level (mid $40 area).
BTC is attempting to break previous ATH right now. If BTC breaks and holds, then the alts should follow shortly after.
*** NOT FINANCIAL ADVICE ***
$UNIUSD | Model Gives Bullish Signal | Identifies New ATH'sHello Traders,
The Model has identified new targets in UNIUSD. Targets and Support identified on the chart.
The model tries to identify pressure points in any given market. The pressure points themselves identify the breadth and strength of the move to come. It exists in all time frames and can be applied to any market. The targets are printed as data is fed into the algorithm. The further away from the pressure point, the lower probability it has of attaining such levels and the higher the probability of a correction/reversal.
Uniswap (UNI) - March 14Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------------------- -----
You should watch for any movement that deviates from the 30.316-37.402 segment.
If you fall from 30.316, you can touch 23.230, so you need a short stop loss.
However, you need to trade carefully as you can touch the uptrend line (2) and go up.
We need to see if the uptrend begins as the trading volume increases.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)