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UNIUSD Perpetual Swap Contract

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UNIUSD.P trade ideas

#UNI Uniswap 1D - Big Move ComingHello friends, today I am reviewing the 1D chart for Uniswap (UNI) on a linear scale. In the chart I noted: 1) The price has been in a long term triangle with a breakdown since May 2021. 2) Currently, the price hit the bottom of the long term trendline since January 2021 and bounced off of it. 3) The price has the potential to move up about 20% to around $25.41. 3) The RSI came out of the oversold region and has potential to bounce towards the top trendline. 4) The Ichimoku Cloud is above the price and at the top of the cloud is where the resistance is. 5) The Volume is currently very low. If volume comes in, we may be able to break out of this long term triangle. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITFINEX:UNIUSDLong
by MillionaireEconomics
1
UNIUSD Weekly LongUNIUSD appears to be in a massive symmetrical triangle on its weekly and daily charts. Considering that this pattern reflects on both the weekly and daily timeframes, a breakout would be significant. With the state of the crypto market I would anticipate UNIUSD to breakout upward. In the event of an upward breakout, movement could be anywhere from 200-400%. This would make sense considering comparable cryptocurrencies such as DOT and LINK have made more upward progress while UNI has lagged behind. The move upward may take a bit of time, anywhere from a couple weeks to two months, unless there is a significant catalyst. These catalysts may be a large upward move from BTC or infrastructure/capability upgrades. Blue lines indicate current channel, red line indicates major overhead resistance, thick red line indicates weekly EMA 20, and lastly fib scale indicates potential take profit areas. Upper blue line can be used for potential take profit areas while lower blue line can potentially be used for stop loss or entry area depending on the moment. Weekly EMA 20 to act as major support for current pattern. If you have any questions feel free to comment. If you like my analysis feel free to follow and like, thanks!
BINANCE:UNIUSDLong
by AtlasCryptoTrading
1
Inverse Head and Shoulders on #UNI #BTCSince the inverse head and shoulders are a bottoming pattern when it completes, you should focus on buying or taking long positions (owning the stock). The pattern completes when the asset's price rallies above the pattern's neckline or breaks through the resistance line. How I like to trade: As you can see on UNIUSD, we have a clear Inverse Head and Shoulders pattern and price is consolidating sideways for quite some time. As an aggressive trader, i like to take a position before the breakout, In this case, i particularly like how we have the pattern formed and we are consolidating for awhile, this makes a strong case for an explosive move to come. The longer the consolidation, the bigger the move. As always, Entry, StopLoss and Targets are key to anyone's success. In the chart, see all price Entry, SL and Targets. Happy trading. Please support our work with like and comments. #UNI #UNISWAP #CRYPTO #CHARTPATTERN
BINANCE:UNIUSDLong
by ppatrading101