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UNIUSD Perpetual Swap ContractUNIUSD Perpetual Swap ContractUNIUSD Perpetual Swap Contract

UNIUSD Perpetual Swap Contract

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UNIUSD.P trade ideas

Bullish pattern apparent will can it break out?The current situation: 1. An inverse head and shoulders pattern is apparent on the 1HR chart, with the neckline at about 3.45 USD and the measured breakout target to be at about 3.75 USD. Currently the immediate resistance is the 12HR 21MA, above which the price action has not closed above since September selloff. The bullish case: a solid 12HR candle close above the 21MA will make a convincing case that the downtrend may be broken and this is the start of a reversal. The bearish case: a rejection at the 12HR 21MA and the price action falls back below the 1, 4 and 6HR moving averages it just gotten above. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too. *These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
COINBASE:UNIUSDLong
by CryptoRush_
Short-term bearish signs apparent - watch THIS level of support The current situation: 1. A head and shoulders pattern is apparent on the hourly chart, the neckline of the pattern is at about 3.17 USD, which is also where the hourly 21MA is. The measured target of the breakdown is about 2.87 USD, but there are a few moving averages below the current price action that can act as support. The bullish case: an hourly close above 3.45 USD should convincingly negate the head and shoulders pattern, but do mind that there are still 4HR 50MA and 12HR 21MA right above it that are acting as resistance. The bearish case: if the price action breaks below the neckline can signal a possible breakdown towards 2.87 USD. If price action breaks below the 4HR 21MA, which will be the last MA acting as support once the hourly 50MA gets above it shortly, that can be a signal for lower price action. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too. *These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
COINBASE:UNIUSDShort
by CryptoRush_
7
Looking like another failed reversal - are we going back down?The current situation: 1. Price action previously had gotten back on top of the hourly 21 and 50MA, which looked like it could've been a start to a reversal, especially with bullish double divergence apparent on the 6HR chart. Since then, it had been rejected at the 3 USD level and now has formed a head and shoulders pattern on the 15M chart, which is bearish. The measured target of the pattern is about 2.6 USD from the neckline at about 2.8 USD The bullish case: price action gets support by the hourly 21 and 50MA, which is currently near the neckline of the head and shoulders pattern and retries the $3 level. The bearish case: price action breaks below the neckline towards the measured target. *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too. *These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
COINBASE:UNIUSDShort
by CryptoRush_
2
Uniswap Hits Another Resistance - No Bottom In Sight?Now that the dust has settled on the airdrop, it looks like the correction has continued beyond the initial price. For the past month, I've been watching the action and following the price points based on previous support lines that have flipped to resistance. But now that we have dipped below $3.17, we have nothing to go by! Dropping below that level means there is no way we can tell what the true value is. I bought and sold UNI for a small profit, after being spooked by the strength of that diagonal resistance line. I'm definitely going to jump back in and grab another bag in the future, but I'm waiting for the market to decide on what it's going to do. Once we know which way Bitcoin breaks from the current triangle formation, we'll have the insight we need. If Bitcoin breaks to the up side, it's time to grab that UNI-bag as quickly as possible. But if we break to the down side and chase that CME gap, I'm sitting on the sidelines and waiting for a final bottom. The CME gap could very well be the bottom price point for BTC. But it could sail down lower, if the momentum is strong enough. But I'll be ready with my finger on the trigger. I think Uniswap has a VERY bright future, and I definitely want to have a sizeable position before the next major bull run. But for now, it's all eyes on Bitcoin! Make your own decisions on this, and don't place any bets based on what I see. I'm not your financial advisor. I'm just a happy camper with pocket change playing the market. And I'm SUPER HAPPY to be back to posting again! Carlton Flowers The CryptoPro
COINBASE:UNIUSD
by carltonzone
6