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UNIUSD trade ideas

Breakout looking more promisingThe current situation: 1. Price action has broken out of the falling wedge and now has formed an ascending triangle subpattern. The measured target of the breakout from the ascending triangle, at about 6.5 USD, is still within the breakout range of the bigger falling wedge, at about 7.3 USD There is no other moving average acting as overhead resistance at this time as price action is above all moving averages available to show at this time. Therefore, FIB levels (gold lines) are the resistance to be paying attention to in my opinion. 2. RSI is not overbought in any of the hourly timeframes, so there is room to run if price action trends upwards. *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_
6
Fakeout or a real reversal to the upside?The current situation: 1. Price action had previously broken out of the falling wedge at about 4.3 USD with the measured target to be about 7 USD. After breaking out, the price action was rejected at the 6HR 21 moving average at about 5.4 USD. It has found support back at the 0.786 FIB level at about 4.3 USD. There is also a POSSIBLE head and shoulders pattern on the 1HR chart. If the next high does not close above 4.90 USD, that could make the right shoulder and spell bearish action in the short term. BTC dominance is also trending up, which can signal that altcoins can go lower. However, UNI was possibly one of the few, if not the only altcoin that has made a gain today. But it is still something to be careful of. 2. There was bearish divergence on the 1HR chart preceding the rejection at 5.4 USD and now RSI is in neutral territory on all available timeframes, so price action can go both ways. The bullish case: 1. Price action needs a solid close above the 6HR 21MA, to make a convincing case it can go higher. The next resistance level above that would be the 0.5 Fib level at about 6 USD. The bearish case: 1. A close below the 0.786 Fib level would be bad signal for the bulls and can indicate more downside to come as this breakout would not be considered successful. *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_
(Follow up on my short call at $7) new thread for future priceI was the only one called to short when UNI was at $7; and I also called the low target at $4 (Check out my last post on TV). Now UNI broke up the descending trend line, I want to use this new post to keep updating predictions and thoughts as the unicorn keeps its journey. haha By buying at high and sale low, I increase my position by 70%; I don't give feeling good stuff, I only share my honest opinions and try to maximum our profit. !please give a like or leave a comment; I want to hear your thoughts! ------------------------- UNI will confirm bullish tread after breaking out from $4.2 on a hourly And new short target at $4.7 after the breaking out In a unfortunate case if the bear decided to hang out with the unicorn one more time, we will be looking for consolidation at $3.6 and stop at $3.2 Not a financial advisor and this post is not financial advice; thanks SEC; thanks JPow; thanks trumpdollars; thanks burrrrrrrrrr
BINANCE:UNIUSDLong
by DamagePerSecond
1
EYEING this indicator before getting back inThe current situation: 1. Price action has been in this falling wedge since reaching the previous high and it has not gotten on top of the 1HR 50 moving average since. The 1HR 21 moving average is flattening out, which looks like signal for a reversal. In the area of the possible breakout, it an ascending triangle does seem to be forming, which is a bullish pattern. However, I would look for price action to close on top of the 1HR 50 moving average before being convinced there is a reversal. Nevertheless, the market is looking quite bearish so even if this reverses, I would still be careful especially if there is a move downwards in BTC. *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_
UNI.usd may have bottomed at the Impulse Core of Coinbase launch"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. UNI touched the top of Impulse Core and bounced with some energy. It has since challenged to fibs above, but still lacking in real velocity. Perhaps it goes from here, or it may need one more dip into the Core. See "Related Ideas" below for an explanation of my concepts.
COINBASE:UNIUSD
by EuroMotif
9.22.20 uniswapSo what should we be doing right now? I think the alt markets are long overdue for a bounce. However the biggest thing right now is......THE bloody DXY. it looks to have put in a momentary bottom. I think this just gives us a perfect buying opportunity over the next few (who knows it could be months) to start to accumulate some quality projects and of course my favorite. The precious metals. I'm taking a bit off of the sidelines and i'm starting to average in to things like UNI, like Chainlink, Like TEZOS the KING well i'm not buying Tezos but if i wasnt' so loaded up i would be. They have HUGE things around the corner. Sorry back to Uniswap. It has potential to be the DEFI project that overtakes everything. I really believe its possible especially now that a layer 2 solution is on the horizon. Nah i'm not waiting for Eth 2.0 but i know that OMG and Matic are about to put Uniswap into a different realm. I think the rights to govern the UNICORN of defi is just too good to pass up and ppl dumping their rights are foolish. You will look back on this in a few years and really regret even selling your uniswap under 10 dollars. I think this one has the potential to cozy up to and actually leap frog Polka Dot and CHainlink. If those 2 are up there then Uniswap deserves to be ahead of them.
BINANCE:UNIUSDLong
by BrandonrG
2
Continuing downwards or breakout of THIS pattern?The current situation: 1. Price action has been continuing in this falling wedge as seen on the hourly chart and has bounced off the 0.786 FIB level at about 4.4 USD. There is also a double bottom apparent with the neckline at about 4.6 USD. The measured target for the double bottom pattern is about 5.05 and the measured target for the breakout of the falling wedge is about 7.55 USD if broken out of the point indicated. Do note that price action may not reach its measured target however. 2. There is not exactly bullish divergence on the RSI though, but we will see if this actually reverses back up from this point. *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_
4
UNI is BULLISH The bottom trend line of the falling wedge is being avoided at all costs. There is only 3 touches of that trend line. We could have had a 4th touch but it was bought up. **The more touches you have on a line, the chances are that you will break through the line**. Now look at the top trend line of the falling wedge; we are constantly touching it and already had one breakout that failed. (That's okay). We currently broke out again, now we need to get a fork support and we are off to the .786 fibonacci retracement.
BINANCE:UNIUSDLong
by dylan_k
1