UNIUSDT trade ideas
UNIUSDT Short PositionThe price has been swinging in a range box for the past 7 days and now the rejection from the upper edge of the box is happening simultaneously with the rejection from the mid-term descending trendline. In addition, there is a hidden divergence in the RSI oscillator while the price did not manage to make a new HH.
Having said that, the price might be seen at around $3.5 again in the next few days.
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UNI/USDT: Direct recovery expected---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
UNI/USDT: Direct recovery expected
Context
- The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets UNI suffered about negative global market situation
- UNI is expected to bounce from the current bottom area and triggered the bullish divergence on RSI
Market configuration
- Graphical Elements :
Graphical Resistance = 13,20 & 45,20
Graphical Support = 1,75
- Mathematical Indicators:
EMA ( Exp Moving averages) are being reintegrated = bullish
RSI indicator (below) is on going divergence but still below 50% = Neutre/bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target 5 (C) B is set at = 3,00
Fibonacci resistance of the wave in progress = 7,95
Fibonacci support of the wave 5 (C) B(max extension) = 1,75
Fibonacci Bullish Target = 13,20
Conclusion
Preferred case => Regarding the mid-term element, UNI is expecting to do a bullish reversal from the area we are now. We are bullish above 3,00 towards 13,20 with an intermediate level at 7,95. the ATH is set at 45,20
Alternative case => Breaking 3,00 direct drop to 1,75
Uni shows an inverse head and shoulders.Hello traders!!
After having made a quick analysis i think that it could be a good moment to enter a long position in UNISWAP due to the reversal pattern that shows in 4h time frame.
The inverted head and shoulders pattern signals a book long. The correct entry is when the pattern is confirmed, that is when the price surpasses the neck line.
There is two possibilities one is to enter now and the other is to enter after the breakout of the neckline.
I'm going to take the risk and i will enter now a long at 4.0$ with stop loss at 3.80$ and targets 4.45$ 4.90$ and 5.45$.
When the price reaches 4.25$ i will put the stop loss at entry.
I will be glad to see your opinion in the comments. Please give a like if you agree with me, it helps a lot.
$UNI/USDT - Long - Potential 43.60%$UNI/USDT - Long - Potential 43.60%
Exchanges: Bittrex, FTX, Huobi.pro, Binance, KuCoin
Signal Type: Regular (Long)
Entry Targets:
1) 3.76 - 100.0%
Take-Profit Targets:
1) 3.99 - 33.333%
2) 4.50 - 33.333%
3) 5.41 - 33.333%
Stop Targets:
1) 3.34 - 100.0%
Entry Trigger - Break of resistance, flipped to support, bullish divergence, bullish weekly pivot
Trailing Configuration:
Entry: Percentage (0.0%)
Stop: Breakeven -
Trigger: Target (1)