UNIUSD.P trade ideas
Can it break this KEY resistance level and continue upwards?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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My Quick Analysis ON UNI. Let me know your thoughts.Hey Guys! I am holding long on my UNI, I am new to this game, I tried to analyze the trend with some support and resistance. let me know if it is likely to follow the path I drew.
My bottom was actually support!So i see i was a little off from where I had suspected bottom to be. But once it did it bounced beautifully onto my trend line as support =] $UNi's back in the game 🤌🤞 i do believe it may have something to do with A) market doesn't care about potus or B) the markets are loving this uncertainty atm. So lets hope this support holds and or gets broken through =]
UNIUSD | PerspectivesChart squared via Thales to last major LHL swing (left most teal triangle). Right triangle was then replicated and placed at first major dip after the local high, which highlighted the angular trend through October 14. Using Fib Channels you can construct a perspective Gannbox (right most grid formation). Backtested idea by then duplicating and offsetting a second Gannbox (left). Watching how price action reacts to this geometry. Not Trading Advice.
No equal selling = LONG Last nights breakout did not have equal selling during the first pullback, so I was very bullish & not selling still holding a small position.
Next levels of support and signals to watch for reversal*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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UNI.usd at a "Must Bounce" level, even if NOT the "bottom"Plotted are two different fib series.
One "Golden" (parabolic) extensions.
One "Linear" (geometric) in Red zones.
Just hit a "Double Fib" (tight confluence).
Red fib levels have been reacting precisely.
Now at red 2.618 right on top of blue 12.706.
This is a follow up to an earlier plot just after Coinbase launch:
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My "Book" detailing my Methodology with Examples:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
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Too new to chart???So I guess they say doing TA on such a new coin doesnt make sense... Not enough data etc. weelp, hookay I drew one pink line of support and dragged down a green trend line to makea triangle! UNI may trend upwards on this going forward... It seems as BTC is losing steam... Im not bearish on it(its just cooling off a bit). Anyway when that happens alt coins run... UNI was trending down.. and now, as BTC slows down, UNI has slowed its decent down to a possible reversal? In general I expect big swings on the 2nd and 3rd. I expect UNI to ride the wave-
Factors driving THIS market and estimating the reversal*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
Uniswap UNIUSD - Bear flag- Bear flag formation - bearish continuation pattern
- Lower prices expected as the UNISWAP is on all time low
- I cannot see any bullish volume
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UniSwap UNIUSD - Elliott Wave + Broken channel- Not looking good for UniSwap in the immediate short term
- I expect lower prices up to 1.75 USD, then we should see a bounce from here
- Currently, the coin is on ALL TIME LOW (Binance), which is not good
- Parallel channel broke to the downside
- Impulse Elliott wave should be completed in few days
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ONE MORE BEARISH SIGNAL BEFORE TAKE OFF! SLIP AND SLIDE!We are in for a VERY INTERESTING couple of weeks ahead. The US election has everybody in a very polarized position with their investments and trades—either you bearish as hell, or you're a flaming bull. When we zoom out and look at the yearly time frame, it looks like we have descending buy volume and the MACD moving average is losing momentum quickly. We might have one more dip before the bull rally ahead after the election. It's unfortunate, I didn't want this, but we might have to go down to $2.00 to $1.50 before all hope is lost and people are ready to BUY BACK BIG! This is simply one scenario, $2.5 very well could be the bottom and we will hang out here for a little while and consolidate. I'M READY TO SEIZE THE DAY NO MATTER HOW IT GOES!
Uniswap H&S in the making?Head and Shoulders would be a proper reversal. Creating a double bottom ($2,60 both yesterday and october the 7th).
Uniswap — The Darling of DeFiUniswap has dwindled after its launch on Binance which saw a 100% price increase on day 2 of being listed.
Price has ground down for the 2 months since then and so far there's no indication of a new price rally yet.
A possible support level may exist at $2.50 but that has not been tested yet.
Team Sparkster is Neutral on Uniswap for now.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
END OF MACRO BEAR TREND! UNI SET TO POP!I've been watching this little piece while everyone else has been sleeping on it / distracted by the glitz and glam of Bitcoin. Look at the chart, we are currently at the end of the third wave of a three wave macro bear trend. The RSI and MACD have both bottomed out, we are now at a double bottom at $2.5. The sell volume is has really calmed down. There is huge upside potential and I'm ready to grab a bag and ride the elevator up to $3.7. Let me know your thoughts in the comments below.
Bullish pattern apparent can it finally turn around?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
Why Uniswap Is So undervalued ? King of DEXs?Last year, the world’s three largest stock exchange operators grossed $7.3 billion in profit. Combined, these companies have a global market value of $92.4 billion. They are money machines. All they do is sit in the middle and match buyers and sellers.
Now, they do it very efficiently. And they do it very quickly. That’s why they make so much money. When seconds can mean the difference between making thousands on a trade or millions, traders are willing to put up with their fees.
For crypto, Uniswap saves users time and money. You don’t need to send your tokens to an exchange, wait an hour, trade, and then send the crypto back to your wallet. It can all be done almost instantly through Uniswap’s wallet and on-chain. In return, it collects a smaller fee than the big exchanges today.
We see Uniswap as the hands-down king of DEXs. And as it takes its place at the top, UNI holders will benefit through a potential 0.05% fee change in the coming months.
To gauge what UNI is worth, let’s assume the fee gets implemented – which we believe will happen in the coming months.
Since September 1, Uniswap has averaged $386.7 million in volume per day. If it were to merely maintain its market share – based on UNI holders earning 0.05% in fees on this volume – over the course of a year token holders can pull in just north of $70.5 million.
By January 2021, UNI’s total circulating supply is expected to be nearly 240 million tokens. This would work out to be just over 29 cents per year per token in earnings.
Now, to get a starting point for what the market pays for these earnings, let’s look at three publicly traded exchanges and their price-to-earnings (P/E) ratio.
CME Group: 25.65
InterContinental Exchange: 26.65
Nasdaq: 26.45
Average: 26.25
So investors are willing to pay an average of $26.25 for every $1 in earnings.
Using an average P/E ratio of 26.25 would give UNI a price of about $7.73. At the time of this publishing, UNI was trading around $3.0078 So it’s already trading at a more than a 59% discount compared to traditional exchanges.
The same way Amazon owned e-commerce by making it easy for people to buy online, Uniswap is in a position to dominate the trading of ALL assets, not just crypto because it’s made it easier and far cheaper to use than traditional exchanges.
And because of the design of the blockchain, it can do this with just a handful of people. Think about that: Uniswap is dominating all crypto trading with just 10 people. The top three exchanges – Binance, Kraken, and Coinbase – have a total of 2,469 people on their teams.
It took Uniswap less than two years... only $11 million dollars... and only 10 employees to reach the same trading level it took Coinbase 5.5 years, 1,200 employees, and $500 million in capital to reach.
I need you to understand how disruptive that is. If I were a Coinbase, Binance, or Kraken shareholder... I’d be very worried right now.
As a cheaper, faster, and easier option, Uniswap is going to eat their lunch.
UNI - Consolidation / rough planConsolidation continues - market ignoring in favour of established ALTs?
Expecting move to $4.6 when money begins to move out of established ALTs/BTC
Looks like there is a lot of work to get this to break ATH and if market turns south potential for greater falls.
Better opportunities elsewhere right now
B, HF
