UNI / BTC: Retesting ATH for 3rd time - PT: $120The UNI/BTC pair is currently retesting the ATH of 0.00079 for the 3rd time in a row in the past few days... the more often a coin retests its ath, the more likely it is to breakout on the subsequent retest.
Many are sleeping on UNI recently and once this breaks through the ATH and closes confidently above... it's off to the races for UNI/BTC for new levels of price discovery that will translate to USD equivalents of triple digits or more.
A comparable project would be SOLANA (SOLBTC) ... if you take a look at what SOL did after it broke out from its ATH on the SOLBTC pair, it went parabolic and tripled in USD dollar terms... the equivalent move would mean we would could see UNI at $120-$150 within a couple weeks or by end of May if UNIBTC follows a similar path as SOLBTC.
GLTA and position accordingly :)
Uniusdt
UNI: 6.618 PT Conveniently $100With v3 out and operable, UNI should begin to start taking headlines as traders and hedge funds begin shifting capital to the more efficient and profitable v3 from other exchanges.
Interestingly UNI's next 6.618 target is $100 - this target is on track for mid-June but could occur before or after depending on how market dynamics follow. Soon we will see UNI launch higher as the more negative the community gets on the "slow launch", the more bullish the contrarian should become.
UNI, Uniswap - what to do?The price has a strong key level of 45,02(ATH). And the price has already tested for the second time. Now I'm waiting for a sell-through, breakout, retest, and move up! The entry point after the retest) Do not forget about SL
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
UNIUSDTThe path to the UNI currency reaching a record $ 100
The chart shows that the UNI currency has formed an uptrend channel and is currently in the middle of its channel.
We can expect the future trend of this currency as drawn.
To reach the $ 100 record, you have to overcome two not-so-strong resistances, which are the middle ranges of the channel and the ceiling of the current trend.
UNI/USD GEARING UPuni/usd chart shows us a steady grow between support and resistance , by this time at the time of writing , UNI seems to be gearing up to break the resistance and start a parabolic run . but if it fails to break , the suppot level is there , and if support level is not supported, we would likely to move toward 14${but this bearish scenario is not likely to play in this bull market}.
#UNIusdt #UNIFundamental information/knowledge:
What is UNI in Crypto market?
BINANCE:UNIUSDT
#Uniswap is a decentralized finance protocol that is used to exchange cryptocurrencies and tokens; it is provided on blockchain networks that are decentralized, running open-source software, as opposed to any centralized intermediary.
The market capitalization for the UNI token is over $21,901,869,001 million as of April 2021, and UNIswap rank is #9 based on Coinmarketcap.com.
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Basically, Red horizonal lines are my two target point on UNI and we can reach easily if BTC keep increase price on the market.
$4.7
$5.4
are my two target point.
But interestingly, UNIswap break up Daily Trend line as u can see which is a significant increase in Uniswap market...
A possible Double Bottom and A Pennant From the chart, You can see there is a Double Bottom formations where the re-test is done. From this re-test area, we can also form a pennant from the second bottom.
To support this, I also draw a fib retracement from the bottom to the peak level of re-test. By this fib, it is also supported by many fib levels that is worked before ( such as 0.5 or 0.618). Therefore, The next level of the fib is 1.618 which is in our target area.
RSI also is on a uptrend line. Stoc RSI gives a buy signal.
Based on all signals, my target area is shown in the chart.
Don't hesitate to share any idea, comment or critics ^^.
Uniswap ready to explode higherAfter the Coinbase IPO, Ethereum and DeFi have gotten a boost again. My belief is that many of the people on Coinbase are big on Ethereum, but also we've exhausted most narratives. We've gone full circle and back into Ethereum and DeFi again. Despite the crash Ethereum recovered quickly and recovered fully which I think was a bit surprising, but the ETHBTC chart and UNIBTC charts are explosive.
With V3 coming for Uniswap, the expansion to other chains or second layers, as well as its complete dominance over other DEXs... Uniswap could be heading for a massive boom. This could be seen as a massive cup and handle pattern and I think that my target is probably the first one and the upside is even larger.
UNIUSDT 4 HR Education Analysis using MACD and DEMAIn this analysis I am using two DEMA's, one is 9 period and the other is 26 period, in combination with MACD indicator.
Uniswap, after achieving an ATH, is again unstoppable. It is going to test the previous resistance turned support at about $39, and if it holds, is going to see another ATH very soon. On the other hand, if this support breaks, it could visit $30 areas.
As analysed with two DEMA crossovers and MACD confirmation crossovers, this setup is giving good buy and sell signals.
It works like this, when 9 period DEMA crosses over 26 period DEMA and MACD line crosses over signal line, we can go long or BUY the asset and SHORT or SELL when the opposite occurs. We can also take into consideration various other factors like volume and how other markets are moving.
Uniswap has very strong technicals, and could see a good movement upwards achieving new ATH's.
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