Uniswap looking to lose more ground UNIUSDWe are seeing a huge zigzag forming here. It's a beautiful sight and a sign of things to come.
Fibonacci goals are in green and invalidation is in red. Not financial advice - do your own research.
UNIUSD.P trade ideas
UNI/USDT LongAfter the recent correction, UNI looks prime for picking. After V3, the Uni fundamentals are really strong. You can do a $10M transaction for less than 1% slippage.
Uniswap getting killed out hereJust plotting a comparison candle chart of Uniswap vs Cake. So its a UNICAKE chart.
And would you look at that, it's dead! Some have been saying Uniswap is losing steam, but if you look here, it's been dead for a while now...
BUY signalUNI retested the horizontal resistance line as support now we expect a further rise. Also the confirmation with the bullish cross-over on the 1 hour chart.
First target 32
Uniswap (UNI) - May 21Hello?
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(UNIUSD 1D chart)
You should watch for any movement that deviates from the 22.11036180-28.836657176 section.
In order to turn to an uptrend, it must rise above the 35.56278172 point and gain support.
However, it remains to be seen if it can rise above the 28.83657176 point and move sideways.
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(UNIBTC 1D chart)
We have to see if we can get support and ascend in the 61028 Satoshi-63445 Satoshi section.
If it falls at 61028 Satoshi branch, you can touch 48994 Satoshi branch or lower, so you need Stop Loss to preserve profit and loss.
However, you can hit the 53565 point and go up, so you need to trade carefully.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
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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 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: Cigar at the time of opening
(Example) Gap (G1-G2)
UNI - $82.99UNI is currently trading close to the resistance zone at $36.40. It has a good support at $31.69. If UNI can break the resistance at $36.40 and flip it to support, we could start seeing a move towards $39.25, $41.56 and $44.44. The resistance at $44.44 is an important one. If UNI can break this resistance and flip it to support, we could start seeing a much higher move towards $47.16, $51.34, $63.43 and $82.99. Long at support of $31.69 or breakout of resistance of $36.40.
Stop loss should be kept below $31.69. If this support breaks, it could lead to a drop towards $27.76 and $24.85.
Good Buy opportunity here!As I mentioned in my previous uni post, if it drops to this level, it's a good buy. the only negative thing that I can see is that it's at the top of the channel in the BTC UNI trading pair this might indicate a breakout. Alts have become more and more disconnected from bitcoin over the past week so.
Long #UNIPERP for $60 to $64Long #UNIPERP for $60
* Super Algorithm Indicator has called bullish on this recently.
targetting $60
uni updateprevious post:
the 100% could have been the top, but due to this consolidatory period, i am confident we'll hit the original target.
Morning #crypto traders... I look at #BTC #ETH #LTC #DOGE + #YFI#YearnFinance just went NUTSO, didn't it.. HOLY MOLY
Newbie learning crypto! Unidays updateLooking like an upward parallel channel.(might be wrong)
RSI
MACD
Stochastic RSI
All confirming a bullish short and long.
Looking at 46$ very soon!
Uni Good Buy OpportunityI believe another good buy opportunity is about to arise for Uni, its already wicked down and hit the bottom of the channel but I believe it might go down for a 4 hour close at that level as well. The Uni BTC chart also looks very great with a triangle breakout to the upside and now a retest of that triangle.
UNIUSD 10 MAY 2021 1851 hrsWas able to plot a fairly uniform channel. You can see the sporadic movement which can be difficult to get a fix on. Using the same targets to see if the accumulation again to continue the M/U.
Use caution/ Higher risk (IMO).
New Price Target for UNI -> $48UNI broke the ascending triangle to find support at $40 multiple times! enter channel approx. $44 and exit $48. Good luck! Don't miss this one, many others altcoins will be tanking soon as they've been too hyped-up and retail traders will get anxious and start selling before the make a big loss....I was there the last crash!
UNI for the Weeks to ComeUNI's chart looks healthy unlike some other altcoins. The up and down trend lines are almost parallel and very prominent. Since the beginning of the bullish rally in December last year, the support hasn't been violated and its pretty fast upwards. I expect this support to hold ofr the upcoming few weeks even if I expect the Crypto market to have a major correction soon along with that of the stock market. In the near future, nonetheless, the trend will tilt a bit towards including the original (secondary) trend, continuing upwards but with a slower pace as indicated in the graph with the yellow arrow.
