UNIUSD trade ideas
uni usd upward break out?Possible bullish retest of the upward out break of Uni versus Usd. Watch out for crazy moves of btc, it can ruin the party
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.
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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.
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UNI - Consolidation / rough planRough sketch of bullish scenario to serve as a reminder as we move towards November.
Continue to buy if channel holds
Don't buy / dump if channel fails
Note: UNIBTC Comparison in red
Best, Hard forky
UNI AnalysisWOW what a night for UNI I actually took a short to the bottom and immediately took a long to this level
Let me know what you think and what is your prediction for UNI
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 $3.17, we have nothing to go by! Dropping below that level means there is no way we can tell what the true value is. I bought and sold UNI for a small profit, after being spooked by the strength of that diagonal resistance line. I'm definitely going to jump back in and grab another bag in the future, but I'm waiting for the market to decide on what it's going to do. Once we know which way Bitcoin breaks from the current triangle formation, we'll have the insight we need.
If Bitcoin breaks to the up side, it's time to grab that UNI-bag as quickly as possible. But if we break to the down side and chase that CME gap, I'm sitting on the sidelines and waiting for a final bottom. The CME gap could very well be the bottom price point for BTC. But it could sail down lower, if the momentum is strong enough. But I'll be ready with my finger on the trigger. I think Uniswap has a VERY bright future, and I definitely want to have a sizeable position before the next major bull run. But for now, it's all eyes on Bitcoin!
Make your own decisions on this, and don't place any bets based on what I see. I'm not your financial advisor. I'm just a happy camper with pocket change playing the market. And I'm SUPER HAPPY to be back to posting again!
Carlton Flowers
The CryptoPro
UNI is even more bearishAfter a month being in my previous descending channel finally it broke and the retest of the trend line failed we will get below 2$ clearly
Uni - Why 72 dollar is possible in the end of the year. I compared the chart of yearn Finance who had a amazing run, to the early chart of UNI.
Both had for now roughly the same dump, like 50-55%.
After that. YFI went up crazy.
Just a random idea why uni can follow the same route.
uniswap support test soonuniswap might test its support at 3.80 today setting a double bottom but I feel like itll go lower then that, I think its movement only supports about 2.80 for a support. I guess well see if uni can gain enough support to make a push higher or not, I think uni is going to see a hard week if this continues
UNIUSD: 4H watch for bounce...very oversold As above.
Looks like ready for turn around....
Good luck traders!
UNIUSD - Breakout soonTesting a fan and breakout. No financial advice.
I'm sort of expecting a breakout up or down but can't tell from the graph. I'm leaning toward down but I'll wait for it bounce in the yellow area before doing anything.
UNIUSDTwe are in a descending channel after break of that triangle and the break of the channel either upwards' or downwards' price target will be these two and most likely we go up then down
Big move expected soon which way will it go?The current situation
1. A descending triangle is apparent on the daily chart, which has a 53% chance of breaking upwards and the (conservative) target if it breaks upward is about 7.5USD.
2. Bullish divergence is apparent on the 6HR chart, but not exactly in oversold territory on any of the major timeframes so it can still go both ways.
The bullish case: price action does need get above 4.6USD to make a very convincing case of a breakout and a reversal. All the major moving averages are at about 4.6 or lower, so breaking above this level will also get price action above all major moving averages again, which is a good sign then.
The bearish case: Another dip below the bottom trend line will be a bad signal to start. But if price action closes below the bottom trend line on the daily, this will be a convincing bearish case as this will be a new low in the current down trend.
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*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.
UNI - LONG Term BUYShort Trend depends on the outcome of the Stimulus, Job report, and Uni Volume
Long term - No doubt (BUY, BUY, BUY). Like if you agree on the idea
I am not professional, Please do your own research.
UNISWAP - Time to buy again?It seems like the downmove is close to its end, which makes me feel bullish regarding the UNI token, again... I see similar situation as before, at the last bigger up-move. On h4 the MACD is trying to turn back to the green zone again, slowly, while on h1 the price is about to draw a clean and strong continuous divergence. If it all happens, that will confirm a buy signal at around $4.000 or somewhere in the $3.9 - $4.2 zone. What do you think?
Bulls did not show up - expecting lower price actionThe current situation:
1. Price action had a double bottom apparent yesterday, 9/29, as highlighted in green, but did not end up reversing. It closed back on top of the 0.786 Fib level but did NOT hold. After, has formed a double to instead with the neckline at about 4.15 USD and a measured target of about 3.85 USD. The measured target of this double-top pattern is in more agreement with the measured target of the bigger head and shoulders pattern as seen.
2. There was bullish divergence on the 1HR chart, but it looks like it did play out and got rejected by the hourly 21MA.
The bullish case: I would look for a bullish engulfing candle to be a good start. Since bullish signals on the smaller timeframes have been invalidated, seeing it on a higher timeframe such as the daily may be more confirming.
The bearish case: the next level of support is at about 3.85 USD. If this level does not hold, price action can continue downwards to about 3.15 USD, which would be a full retracement.
*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.
UniSwap Price Forecast: UNI Awaits Ultimate Liftoff To $5
UniSwap looks forward to a descending wedge pattern breakout to $5.00.
UNI/USD is holding above the 21 SMA while the upside is capped under the 50 SMA.
UniSwap has been on a downward roll since September after its bullish scenario was cut short by resistance at $5.60. The price has continued to narrow within the confines of a descending wedge pattern. This pattern forms whenever the value of an asset has been falling over a period of time. Breakouts can either be up or down, however, falling wedge patterns tend to signal an incoming bullish breakout. Note that to properly trade this pattern, the trader must employ other technical indicators.
At the time of writing, UNI is trading at $4.28 after suffering another rejection at the descending trendline as well as the 50 Simple Moving Average (SMA) in the hourly range. The price is immediately supported by the 21 SMA.
Looking at the Relative Strength Index (RSI), UniSwap is likely to continue exploring the levels towards $4.00. It is essential that support in the range between $4.2 and $4.3 is defended at all costs. According to IntoTheBlock, this is the strongest support zone. Here, 9,600 addresses bought 20.4 million UNI. If this level zone is shattered, UNI will extend the bearish leg to $3.50.
On the other hand, a bounce from the support will have the potential to push the price out of the wedge. A breakout from the wedge will place UNI on the path to $5.00. Closing above the 50 SMA is particularly vital to the bullish case because it will add credence to the breakout. Traders must keep in mind potential resistance zones at $4.60 and $4.80, respectively.
UniSwap Intraday Levels
Spot rate: $4.30
Percentage change: -1.82%
Relative change: -0.08
Trend: Short term bearish bias
Volatility: Low
Breaking above THIS level can mean more bullish price actionThe current situation:
1. Price action has formed a double bottom on the 1HR chart, which is a bullish pattern with the neckline at about 4.45 USD and a measured target of about 4.75 USD. Currently, the 1HR 50MA and the 0.786 Fib level (the gold line) are acting as resistance.
2. There is bullish divergence on the 4HR chart so it could be a catalyst for a reversal IF it plays out.
The bullish case: price action has to break above the neckline at about 4.45 USD, at which there will be an S/R flip of the 0.786 level.
The bearish case: price action gets rejected at the 0.786 Fib level at about 4.35 and continues downward.
*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.
