UNI - 4h. The growth of UNI will end at $23.5The new wave of UNI growth , which began on January 21, gave investors + 200%. The extremely strong growth trend did not stop at rest, even in consolidation.
As you can see in the chart, the price moves in a clear growth channel , which on a larger timeframe looks like an impulse.
Global buyer support is in the range of $15-15.6. This range slowed the wild growth of Uniswap for almost 3 days.
The local point of reference for buyers is $17.7 . Buyers managed to break this level and confidently keep it.
Our main scenario is continued growth with a goal of $ 23.5. We wrote about this goal in our global idea:
Given the strong growth trend, we assume that the process of reversing the price will take some time. As long as the UNI price is above $15-15.6, buyers have the initiative and can continue to push the price up.
Let's see if the UNIUSDT market will be affected by the possible continuation of the BTC correction.
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Uniusdt
$UNI Double Top3 minutes ago
I believe that UNIUSDT reached the top and it will be having a descending trend line .
Following a double top and a W formation, lower highs and lower lows will follow.
Shorting time!
Please follow your own strategies, I am not an advisor, just sharing a personal thought.
UNIUSDT (UNISWAP) Will the bull run continue?UNIUSDT (1H CHART) Technical Analysis Update
Waiting for the Resistance zone breakout
UNI/USDT currently trading at $19.40
Buy-level: Above $20.70 (only buy after 1 h candle closes above 20.70)
Stop loss: I will update once I see the breakout
Target 1: $22.50
Target 2: $25.00
Target 3: $27.50
Target 4: $30.00
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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UNI/USD - Ranging between $17 - 20UNI did a new All Time High (ATH) and now we seem to have some trouble pushing above that level which is just above $20.
It is likely we will range/consolidate in this area before we can push higher. We are also at the channel top, therefore a bit unlikely we will have the strength to push higher right now. It's more likely SUSHI will pump some more before both coins will correct, see my other idea for SUSHI.
A possible path is on the chart. I do not exclude us going higher to establish a new ATH as the indicators are looking good and there are no reasons for concern at this time. However, we need to establish a base before that and we have good support in the low $17 area. Hence we may re-test that again before going up.
If that support falls or we break below this big ascending channel, then this bullish momentum may come to an end. We shall see, no reasons to think that for now and bias remains bullish.
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Uniswap (UNI) - January 31 (12h)Hello?
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A sharp uptrend continues.
If you fall from the uptrend line (1), you need a short stop loss.
The next volatility period is around February 6th.
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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 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)
Projection of targets for the next scenarios in UNISWAP 4HTechnical analysis regarding the price of UNISWAP in relation of dollar Tether for the next scenarios, based on 4 hour movement.
I strongly believe that this crypto is valued, not least because it is in its "final moments" before the launch of Uniswap V3, to which it will boost the cryptography !! ~ my perception ~
Target projection for the next scenarios and explanations in the graph.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
Navigating Uniswap Price DiscoveryBINANCE:UNIUSDT - 4H
Uniswap, much like other Defi darlings 1-inch & Sushi, presents a high barrier to entry for retail crypto participants. They hear about Defi and know the names of exchanges/lenders, but don't participate anywhere near the level of CEXs. They also hear horror stories about rug pulls and high gas prices, which deters them even further.
Despite the tepid interest from mainstream retail, Defi has exploded onto the scene the past 18 months. People with high risk tolerances have seen impossible gains from airdrops and liquidity pools. For people with less risk tolerance, they can leverage trade Defi chips and enjoy the ride to a lesser, yet still incredible extent. Uniswap has been mooning in value since mid-November and is on its 11th day of (actual) price discovery with little end in sight. I say actual because the day it launched it traded at $15 for a very short time period.
On the chart we see a clear uptrend with candles riding between the upper band and EMA7. There is another trend of a short retraction after a high piercing wick(s). At the time of writing, it has some room between the upper band and candle wick, which I would expect to be filled shortly. What I'm really looking for is the ensuing retraction after this run subsides. I'm hoping for a wick to dip into the green box, which represents a strong support/fib level. I would expect an immediate shot up from any wick in that area. Alas, with the majors holding supports and printing bullish signs, I don't know that the price will dip to that level as the EMA has served well as support in the recent trend. So I will likely double up longs at $12.9x and in the green zone should it happen.
Do notice the tall volume bars peaking above the vol EMA. On a shorter time frame this would signal a retraction but on the UNI 4H chart, a similar volume bar kicked off a 40% run over two weeks.
This is not investment advice and trading cryptocurrency is high risk.
UNI/USD - Bearish divergence! Caution!After UNI did a fantastic run we stopped short of .50 cents of previous ATH at $15.
Now we are painting quite a bearish picture with RSI on 4h and daily showing a bearish divergence (higher price, lower RSI) and MACD quickly losing strength as presented by the histogram.
Therefore, do not buy here, this is the time to exit if you bought lower for a quick gain. If you are a long term holder, then you should not be too concerned, as we have plenty of support at $12 and $10.
Perhaps UNI would have set a new ATH if BTC/ETH did not tank the market today as its momentum was very strong, however that is now changing, so be careful.
Possible price paths on the chart.
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Upward pressure likely to continue with a slight short term dip.In the Mid Term group of TFs (1d, 2d, 3d, 4d)
The Green MA is higher than the Energy in all TFs, The Red RSI is significantly above 50. We know that when the Red RSI has closed above 50 we are unlikely to see a reversal to downward pressure until the Energy falls below 50. Currently Energy in the 4d is at 67. However because of how high the Red RSI and the Green MA are in these TFs (above 80) we do stand a risk of exhastion, but we should have good warning before any risk of reversal.
In the Short Term group of TFs (90m, 3h, 6h, 12h)
The Green is higher than the Energy and the Red RSI is above 50 in all TFs which indicates bullish sentiment. However in all TFs the Red RSI has made contact with the Green as it falls indicating a period of downward pressure. From what we can see in the higher TFs, in my opinion this will be a short period of downward pressure and upward pressure will resume.
In the 90m the Green is very close to 50 and looks as though it may well close below 50 in the next candle and because we closed last candle with the Red RSI making contact with the Green MA, the Energy is likely to fall below 50. As long as the Red RSI in the 90 doesnt turn down and fall below 50 the price actioin is unlikely to fall below the BB Basis (Currently $13.35). In the 3h we have also closed with the Red RSI making contact with the Green MA as it falls, the Green is heading down toward 50, if it does close below, as long as the Red RSI doesnt cross below 50 the price action is unlikely to fall below the BB basis in this TF too (Currently $12.63)
In the 6h and 12h, as the Red RSI is above 80, if the Green crosses below 50, it is unlikely that the price action will fall to the proximity of the Bollinger Band basis.
So, in conclusion.
In my opinion we may see a small dip to around $12.63 - $13.35. After which we should resume upward pressure.
Upward pressure for now set to continue.
Please note:
This is not financial advice but just an overview of current market dynamics.
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aBL
UNI - 4h. Buyers do not have the strength to break $12.5.The amazing rise in the UNI price while the BTC market is in correction is impressive. In just one day, buyers managed to raise the price by 40% .
The main reason for this was the break of the critical range of $9.1-9.6 , under which the price has been consolidating since January 16. After breaking this range, trading volumes increased significantly. At the moment, the daily trading volume of the Uniswap token is $5,280,354,800. UNI entered the top 5 of all cryptocurrencies in terms of daily trading volumes. However, is there potential for UNI growth without correction?
The chart shows that the first problem that appeared to buyers is the mark of $10.85. This mark shows abnormal volumes, which indicate that sellers have become more active. At the moment, this mark is under the control of buyers . This is confirmed by yesterday's unsuccessful attempt by sellers to start a correction.
However, with the second problem , buyers can not cope even with high volumes. This is a mark of $12.51 . Until the price is out of the consolidation range - it is dangerous to buy UNI. Only after fixing above $12.51 can we expect continued growth to $15.
However, given that buyers are again faced with a white trend line , from which the price of UNI jumped twice while the probability of starting a correction is higher. At the moment, this is our main scenario, which we wrote about in our global UNI idea:
Let's see where the price will shoot from this consolidation and watch.
____________________________
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!