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UNIUSD

UNI/USD - Be careful, decisive price action to come! UNI has been ranging in this ascending channel for some time and right now we find ourselves at a crucial moment. Price is kissing the support line and any drop under it will spell trouble for UNI. Why? 1. Bearish divergence on RSI! 2. MACD is bearish with a negative cross and bearish divergence! 3. Volume is dropping. Why 2x? Uniswap and Sushiswap are decentralized exchanges based on ETH network. What do they have in common? HIGH ETH gas fees / transaction fees. In excess of $100 for a transaction.. that is sure to put off retail and average buyers for using these exchanges. As long as ETH keeps going up in price, the fees will keep going up and these two decentralized exchanges will see lower volume and interest because of that. Hence their tokens will suffer. But why is that such a big issue, I mean they are the largest DEX on ETH or in general... well... it just happens there is another DEX with 10x lower fees that is just as good... enter Binance Smart Chain (alternative to ETH) and Pancakeswap... which seems close to flipping Sushiswap and if the above problem continues that is likely to happen and Uni will suffer too. coinmarketcap.com So bullish on Cake and bearish on Uni and Sushi? Yes. Binance, the largest exchange in the world is behind BSC and Pancakeswap is using that to its advantage... BUT, all of the above is not as important as... price action! This is always the best indicator. If we fall here and support does not hold, then UNI will correct. Not good if you are long, be careful and secure profits! If we stay in this channel we should be ok. We can also range if we exit the channel, that would be the best case scenario if support falls. To be seen. Like and follow if you liked this idea! Also join my crypto community to stay in touch!
Short
by DU09
8
UNISWAP 🦄 WHAT IS NEXT? CHECK IT OUT💸UNI - Uniswap!🦄 Good afternoon everyone! Over here my uniswap analysis for today. Uniswap is one of the most important DEX (decentralised exchange) right now! It hasn't been today too much for the last 2 weeks, and that's mostly s good sign, this means it cooled of and is ready to go again 💪🏼💪🏼 So, over here you can see the breakout with the volume confirmation (2nd pic). 🚀🚀 We might see very soon levels of; 1.24.5 - 25.9 2. 28 - 31.4 Those two are for the coming time, might UNI break these levels, I'll update you guys on the next targets! 😍
Long
by euphoricSnovv
2
🆓Uniswap/USDT Analysis (10/2) #UNI $UNIThe buying force is increasing at UNI and we can expect a strong rally in the coming days. However, to confirm this, we need to wait for UNI to successfully conquer $22 zone. And the heading targets are $26 and $32 zones If UNI cannot conquer $22 zone, it will form a Double Tops pattern at 8H timeframe and will fall to $15 zone. 📈BUY -Buy: 21-22$ if A. SL if B 📉SELL -Sell: 26-27$. SL if A -Sell: 31-32$. SL if A ♻️BACK-UP -Sell: 21-22$ if B 19$. SL if A -Buy: 14-15$. SL if B ❓Details Condition A : "If 8H candle closes ABOVE this zone" Condition B : "If 8H candle closes BELOW this zone"
by CryptoStation
5
UNISWAP- Double Bottom or Head & Shoulders. We'll find out soon!I'm picking up on a nice new continuation pattern that can send UNI forward further. Yes it has 4x'd the past 2-3 weeks. But its not done. Its adoption rate has been phenominal and its continuing to develop new use cases. So this looks like a nice double bottom at 17. Resistance to break is local high 19.8 Very deciding development here. I'm holding but i'm also buying more if it breaks above 19.8 with support and volume. I'm selling below 17 because it would complete a pretty well formed head and shoulders (reversal) pattern. I'm 60/40. Our btc-eth-alt cycle is a little out of wack because eth beat a few alts to the ATH party. That said i think this plays out better for ALTs but UNI is one of those alts that DID beat ETH to the ATH party. SUMMARY- 60% UNI breaks through and holds 19.8 for support. From there its going to $25. 40% it doesn't, confirming head and shoulders. I'm not going to guess a bottom because it hasn't stopped to look back very often from $3 to $19. 100% certain there is signifigant movement (+/- 10-15%) in the next 24hrs. Not a professional advisor. Just like to write down my ideas and observations for personal reference. And i'm right 100% of the time...most of the time.
COINBASE:UNIUSD
by McGorgeous
Uniswap (UNI) - February 8Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- It is one of the coins that is not easy to catch the flow due to the rapid rise. We have to see if we can get support and climb in the 17.436-18.467 range. If you move down at 14.343, you need a short stop loss. On the wRSI_SR indicator, when the RS line rises by more than 20 and turns into an upward flow, you need to check which section is supported. -------------------------------------------------- ------------------------------------------- ** 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 conventional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula from 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 or 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: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
by readCrypto
1
UNI 4h A strong momentum nearWe wrote a lot about UNIUSDT in the previous idea , check if you are interested in this coin. Now we want to remind you that the consolidation triangle is nearing completion and there will be a strong momentum. The upper limit is 20.80 and the target is 23.50 The lower limit is 20.10 and the target is 18.60 _______________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
7